MILAN (MF-Dow Jones)--Fiat SpA's (F.MI) possible takeover of
General Motors Corp.'s (GM) unit Adam Opel GmbH may still be
possible despite the Germany government picking Magna International
Inc. (MGA) for a deal, said Italy's Industry Minister Claudio
Scajola Thursday.
Comments from the German government "may mean that six months
from now" Fiat's bid will be "reconsidered," said Scajola on the
sidelines of a conference in Milan.
Scajola also said Fiat's bid for Opel was the "best" one
made.
The German government early Saturday said it selected Magna as a
partner for Opel and agreed on providing EUR1.5 billion in bridge
financing from the federal and state governments, paving the way
for a takeover by Magna and its two Russian partners.
Wednesday, German Economics Minister Karl-Theodor zu Guttenberg
said the deal struck with Magna is non-binding.
Company Web site: http://www.fiatgroup.com
-By Paola Longo, MF-Dow Jones, and Liam Moloney, Dow Jones
Newswires; +39 06 6976 6924; liam.moloney@dowjones.com