Canadian car parts maker Magna International Inc. (MGA) and the Russian bank Sberbank (SBER.RS) are looking at joint investment projects, German Gref, Chief Executive of the Russian state-controlled bank, said Tuesday.

Magna and Sberbank are expected to sign a joint deal later this month to take over German car-maker Opel from General Motors Co.

Company Web site: www.sberbank.ru

-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937 8445; jacob.pedersen@dowjones.com