American General Motors plans to announce an agreement to sell 55% stake in Canada's Magna Opel alliance and Russia's Savings Bank, reports the Financial Times.

expected formal announcement of the transaction will be done in the afternoon. On the same day will be signed a definitive agreement to sell shares.

In recent days, Magna conducting intensive negotiations with Spain and the UK concerning the work of enterprises Opel in these countries and the forthcoming cuts here. Agreement with trade unions in Britain, where the company operates two plants, was reached on Tuesday, talks with the Spanish trade unions and local authorities will continue on Thursday. In Spain, at Opel one plant located in Zaragoza, and until the parties have agreed to reduce production volumes at the company.

deal to sell shares in automaker has yet to be approved by EU antitrust regulators.

This week, the head of Sberbank Gref told journalists that still does not know the timing of signing an agreement to purchase by a consortium of Sberbank and Magna controlling stake in Opel.

In late September the Board of Directors of General Motors, owns Opel, has decided to sell 55% stake germanskogo automaker consortium Magna and Sberbank. Thus 35% of shares would remain with GM Opel and 10% - from its employees.

GM, now 60% owned by the state, after exiting bankruptcy carries a radical restructuring of the business and intends to get rid of unprofitable brands Hummer, Saturn, Saab, Pontiac, sells its European business.

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