German Chancellor Angela Merkel welcomes the transition of the German Opel auto concern under the control of the Austro-Canadian company Magna, RIA Nevosti.
"The government has done everything that could and should have been done," Merkel said in Berlin on Saturday.
Representatives of the American auto company General Motors (GM), Magna and German governments agreed on the transaction. Magna, it was in a consortium with Sberbank and the GAZ Group. The eve of the leadership of General Motors (GM) and Magna has been agreed in principle to move Opel under the control of the Austro-Canadian company. The head company of German automakers GM should complete the restructuring of its assets before June 1. If by that time the world's largest manufacturer of automobiles will not be able to significantly reduce costs, it will have to submit to a court action for own bankruptcy. Italian company Fiat, transnational Investment Ripplewood and Chinese automakers BAIC aspired to purchase Opel's shares. Ripplewood and BAIC were off of the negotiations as early as last Wednesday, followed by Fiat refused to take part in the Friday talks, saying that it could not go to "special risks".
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