Rus News Journal

V.Putin: Management GM has made a correct choice

the Management of General Motors (GM) has made a correct market choice having approved sale of 55 % of actions of Opel to consortium Magna - the Savings Bank. About it, making comments on the transaction, the prime minister - the minister of the Russian Federation Vladimir Putin at a meeting with members of the international debatable club " has declared; Valdai .
According to the prime minister, the given choice was correct as well because Magna and the Savings Bank have offered conditions not only on an overcoming the crisis, but also on preservation of workplaces. V.Putin has noticed that certain optimisation in this situation is possible, however all questions are co-ordinated with trade unions.
in its opinion, the decision made the day before - result of long work. I Hope that it is one of the first steps on a way to real integration of the European economy - he has concluded.
we will remind, on September, 10th 2009. The board of directors of General Motors has approved sale of 55 % of actions of Opel to a consortium where enter Canadian Magna and the Russian Savings Bank. Thus most GM 35 % of the German company will belong, and 10 more % of actions will depart to employees of Opel. A number of key terms of transaction will be discussed within several next weeks then the total obligation for agreement execution will be entered into.
as it was informed, GM expects that the transaction which company trade unions should approve, will be closed within several months.
General Motors throughout several months it could not be defined with a choice of the investor for the European division of Opel. In May of this year, on the eve of the bankruptcy, GM has signed the memorandum of mutual understanding with Canadian Magna, acting in partnership with the Savings Bank.