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Sberbank confirms interest in buying a stake in Opel

21:14 22/05/2009

MOSCOW, May 22 (RIA Novosti) - Russia's state savings bank Sberbank has confirmed its interest in buying a stake in the German automaker Opel and is now continuing talks with its partners and the German government.

A week ago, Sberbank chief German Gref said it was too early to speak about the size of the deal, but added that the bank would represent Russia's interests.

On Friday, a representative of Canada's Magna, which is seeking to buy a stake in Opel from General Motors in a consortium with Sberbank and GAZ, said the bank could receive a 35% package in the company.

He also said Magna would receive 20%, and GM 35% in the event of the deal being struck.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20090522/155068199.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20090522/155068199.html"><img src="http://en.rian.ru/images/15506/85/155068569.jpg" width="120" height="83" border="0" alt="Sberbank confirms interest in buying a stake in Opel" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/business/20090522/155068199.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Sberbank confirms interest in buying a stake in Opel</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">21:14</span> <span style="color:#5590bf; padding-right:7px;">22/05/2009</span> <span style="font-size:12px;">Russia's state savings bank Sberbank has confirmed its interest in buying a stake in the German automaker Opel and is now continuing talks with its partners and the German government.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20090522/155068199.html" title="Sberbank confirms interest in buying a stake in Opel">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Sberbank confirms interest in buying a stake in Opel

21:14 22/05/2009 Russia's state savings bank Sberbank has confirmed its interest in buying a stake in the German automaker Opel and is now continuing talks with its partners and the German government.>>

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