GM-Magna Negotiations are continuing, the parties' positions closer

Opposition to General Motors about the choice of Magna as a buyer for the German automakers Opel declines, said in interview to agency Bloomberg, Minister of Economy Land Rhineland-Palatinate Hendrik Göring.

There is only a few open issues between the alliance Magna /Sberbank and GM, they can be resolved within a few days if this is the political will - he said.

Minister expects an agreement between the parties before the end of the week.

Deputy Minister of Economy of Germany Jochen Homann said on Tuesday to journalists in Berlin that the negotiations over the fate of Opel is clear progress. He is also awaiting the results before the end of the week.

However, the Financial Times writes that sales of Opel could take another few weeks because of disagreements GM and Magna, the application which supports the German Government.

This week, the parties continue negotiations to try to overcome differences in the use of intellectual property rights and the fate of the Russian business GM.

On Monday, a new Board of Directors of GM has not taken any decision, its members were only informed about the negotiations.

German side increases the pressure on GM, seeking a decision by Opel before the September elections to the parliament. On Tuesday in Berlin, met with representatives of GM, Magna, and the Belgian RHJ, which is the second major challenger for the purchase of the German automakers.

chief negotiator for the American companies John Smith says, however, offer a simple Belgians.

Magna would like to get together with Russian assets Opel GM, which were not originally included in the transaction, writes the FT. This is a company in Uzbekistan, a factory in St. Petersburg, the rights to the Chevrolet brand in Russia. GM also objected to the provision of the Russian partners the rights to use its intellectual property.

However, the coalition

German Chancellor Angela Merkel insisted on the choice of the Canadian Magna.

I can not with any conditions that the Federal Government or the Government of the German lands have changed its decision on the Magna, - said Minister of Economy of Land Thuringia Juergen Reynholts. According to him, Magna has made significant concessions, which should induce GM leadership in her favor.

Prime Ministers of two of the four German lands, which are plants Opel, said that government assistance is not provided RHJ.

Today, at the beginning of the trading is likely to attempt to correct quotation of securities
Better market in today's trades may look stock banks and MMC Norilsk Nickel
Opened a small decline, the Russian court came to yesterday's closing levels: RTS index adds 0,65%, MICEX - 0.42%
Today, 12-00 (Moscow time) is the index of business activity in the euro area services
Overview of the foreign exchange market 05.08.2009
Exchange will be playing with the new pre-hryvna irritant
The group of deputies from BYuT, NU-NS and PR offers to extend for six months, 13% th dopposhlinu on imports
Minsk has announced that all Russian demands met
Payment of Youlin of thousands could resume by the end of the year



Leave a Reply
\