UPDATE: Russia's Sberbank Taking Part In Magna Bid For Opel
May 22 2009 - 12:14PM
Dow Jones News
(Adds Sberbank statement.)
MOSCOW (AFP)--Russia's biggest lender, state-run Sberbank
(SBER.RS), confirmed Friday it was bidding together with Canada's
Magna International Inc. (MGA) and Russia's GAZ (GAZA.RS) to buy up
German car maker Opel from U.S. auto giant General Motors Corp.
(GM).
"Sberbank confirms its interest in taking part in the consortium
to buy a part of the Opel car maker and is currently in
consultations with its partners and the German government," read a
statement quoted by RIA Novosti news agency.