KfW CEO: No Plans To Take Stake In GM's Opel Unit -Report
19 März 2009 - 2:25PM
Dow Jones News
State-owned bank KfW has no plans to take a stake in General
Motors Corp.'s (GM) Opel unit, German trade publication VDI
Nachrichten reports Thursday citing Chief Executive Ulrich
Schroeder.
"We can't avoid that companies talk (about) us. But there are no
indications that we're supposed to (take a stake)," Schroeder is
cited as saying.
The president of GM's European operations Carl-Peter Forster
said last week that finding an investor for Opel that has the
majority of its investment backed by the state is "the most
promising and innovative path to take".
Newspaper Web site: www.vdi-nachrichten.com
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500.