Russia's GAZ Confirms Interest In Bid For Opel With Magna
12 Mai 2009 - 1:20PM
Dow Jones News
Russian automaker OAO GAZ Group (GAZA.RS) Tuesday confirmed its
interest in participating in a consortium with Canadian car parts
manufacturer Magna International Inc. (MGA) in a possible bid for
General Motors Corp.'s (GM) German Opel unit.
Russian Prime Minister Vladimir Putin said last week Magna has
approached Russian banks and GAZ about a possible joint bid for
Opel.
Both Magna and Italian car maker Fiat SpA (F.MI) have presented
plans for a possible Opel takeover.
Company Web site: www.gazgroup.ru
-By Jacob Gronholt-Pedersen, Dow Jones Newswires; +7 495 937
8445; jacob.pedersen@dowjones.com