Sberbank confirms interest in buying a stake in Opel

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21:1422/05/2009

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:12px 15px;"><div style="padding-bottom:10px;"><a target="_blank" href="http://en.rian.ru/" title="'RIA Novosti' newswire.Top Russian news and analysis online" style="text-decoration:none;"><img src="http://rian.ru/i/rian_logo_small_eng.png" width="121" height="15" alt="RIA Novosti" title="'RIA Novosti' newswire.Top Russian news and analysis online" style="border:0px;font-family:Verdana, Arial, Helvetica, sans-serif; font-size:20px; font-weight:bold; color:#003768;" /></a></div><div style="width:100%; overflow:hidden;"><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" alt="Здание Сберегательного банка РФ" style="border:0px;float:left;padding:0px 15px 5px 0px; font-family:Arial, Helvetica, sans-serif; font-size:14px;" /></a><a target="_blank" href="http://en.rian.ru/business/20090522/155068199.html" style="color:#000000;text-decoration:none;"><strong style="font-family:Arial, Helvetica, sans-serif; font-size:20px; font-weight:bold;">Sberbank confirms interest in buying a stake in Opel</strong></a><p style="font-family:Verdana, Arial, Helvetica, sans-serif; font-size:12px; padding-left:135px;"><span style="color:#5590bf;">21:14</span> <span style="color:#5590bf; padding-right:7px;">22/05/2009</span> <span>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:#d66938; 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><div style="padding-top:6px; font-family: Verdana, Arial, Helvetica, sans-serif; font-size:12px;"><a target="_blank" style="color:#d66938; text-decoration:underline;" href="http://en.rian.ru/" title="'RIA Novosti' newswire.Top Russian news and analysis online">Other news of the day</a></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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