Sberbank

...sold the majority of its struggling European Opel and Vauxhall units to Canadian car parts maker Magna International Inc. and Russian lender Sberbank. In turn, Germany expected guarantees from Magna and Sberbank not to close any of its four...

In this article: General Motors, EU, Germany, Magna International Inc., Europe, Auto industry, Volkswagen AG, and Daimler AG

Germany came under fire from other European governments for offering 4.5 billion euros in state aid to support GM's original plans to sell Opel, which includes Vauxhall in Britain, to Canada's Magna and Russian lender Sberbank. Other...

In this article: General Motors, Opel, Germany, Europe, Magna, Britain, Bochum, and Kaiserslautern

Under pressure from EU regulators, Germany told GM last month that aid would be available whether it hung onto Opel or sold it -- and even if it rejected the bid by Magna and its Russian partner Sberbank that Germany openly favored. GM...

In this article: GM, European Union, Opel, Jaundice, Magna, Germany, and Europe

...of its European operations Opel and Vauxhall to a consortium led by Canadian autoparts maker Magna International Inc. and Russian lender Sberbank. GM Europe workers were also prepared to buy a 10 percent stake. German Chancellor Angela...

In this article: GM, GM Europe, European Union, Angela Merkel, Opel, Frankfurt, Revenue, and Magna International Inc.

... auto parts maker Magna International and Russia's Sberbank in a deal that preserves GM's ability to ... GM considers 4 options for Germany-based Opel unit ...

ST PETERSBURG, Russia, June 4 (Reuters) - Russia's Sberbank <SBER03.MM> has no plans to remain a strategic investor ... no need for big job cuts in Germany. ...

... AvtoVAZ <AVAZ.MM>, may join state-run Sberbank <SBER03.MM> and Canada's Magna ... Magna and Sberbank won a deal for control of Germany's Opel last week after ...

Germany openly favoured the Magna-led consortium to buy the troubled car maker, ... Under EU pressure, Germany then wrote to GM to make it clear that the money ...

Germany openly favoured the Magna-led consortium to buy the troubled car maker, ... EU sets Nov 27 deadline to examine Magna and Sberbank bid for Opel ...