Rus News Journal

Russia will give state guarantees for Opel investments

the President of the Russian Federation Dmitry Medvedev has informed German chancellor Angela Merkel that is ready to give state guarantees for investments of Opel into the Russian Federation, transfers Reuters referring to a source in the German delegation at the summit the big twenty in Pittsburgh.
the source in the Russian delegation has confirmed possibility of granting of state guarantees. As he said, D.Medvedev has told that possibility of granting of guarantees for that sum which will go to Russia will be considered. It is entrusted to Ministry of Finance to work a question on their granting.
board of directors of General Motors on September, 10th 2009. Has approved sale of 55 % of actions of Opel to a consortium where enter Canadian Magna International and the Russian Savings Bank of the Russian Federation. Thus most GM 35 % of the German company will belong, and 10 more % of actions will depart to employees of Opel.
One of heads Magna Zigfrid Volf has noticed that new owners intend to make Russia an important commodity market for Opel. He has specified that from credits from the German government (for the sum to 4,5 mlrd euros) to Russia will be enclosed only 170 million euro at the initial stage, and the total amount of investments of the company for the Russian projects will reach 600 million euro.