Magna Bank, and agreed on the acquisition with GM Opel

General Motors Co. and Magna International Inc. were able to overcome their differences on issues relating to the acquisition Opel Canadian company, serving in an alliance with the Savings Bank of Russia.

Magna has reached an agreement on the purchase of Opel on all counts, said co-chairman of the company Siegfried Wolf in the interview to Bloomberg.

agreement on the acquisition of German automakers ready to sign, he said.

deal to approve the Board of Directors of General Motors.

to purchase shares of Sberbank and the Opel consortium Magna began to negotiate the end of May. Professionals should get, respectively, 35% and 20%. According to the head of Sberbank German Gref, the deal would help Russia to introduce the most advanced automotive technology, and Opel - to preserve jobs. Once the configuration is complete, I think we'll be ready to Russian strategic investor that package on those or other terms to convey, - said he had previously.

On Monday, GM, with reference to its President and Managing Director in Russia and CIS Chris Gubb stated that the proposal to purchase majority shares in German Concern Opel without national prejudice. Some publications in the Russian media suggest that GM is not willing to undertake the sale of Opel alliance Magna /Savings Bank because of the presence of an investor in the transaction from Russia. I want to say that it is not so - he said.

According Gubb, GM in choosing a buyer Opel takes into account its role in the Russian car industry. In particular, he pointed out that the volume sales of General Motors is in a leading Russian foreign avtokompaniey and a large producer, and cooperates with Sberbank in the area of retail lending. Regardless of the outcome of the deal Russia will remain a GM for one of the key on a global scale, - said the top manager.

At the beginning of the week the head of RHJ Leonard Fisher said Financial Times, that the company is ready to improve its proposal, reducing the amount of requested gosgaranty up to 3.6 billion euros from the previous Euro 3.8 billion euros. Canadian-Russian alliance asks gosgarantii at 4.5 billion euros.

At the same time, according to the sources of Wall Street Journal, in an effort to defeat Magna Belgian company RHJ International SA, which also claims to Opel, and may increase the price offered for the stake in Opel (now it is ready to pay 275 million Euro).

Previously, it was reported thatBerlin would like to complete the sale of Opel before the general election to be held in Germany September 27, and puts pressure on GM in favor of Magna, which promises to save jobs at Opel.

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Better market traded securities Mosenergo (6.5%) and RusGidro (4.9%), worse than - Polyus Gold (1%) and Rostelecom (0.8%)
The technical analysis of currency pairs
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Exchange Euro /dollar rose in European session to 1.4278
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Analysis - Results of the day
In the Russian currency market, yesterday's increase in the dollar to 32.6 today turned correction - 31.8 at the moment
Data on unemployment and retail sales in the United States were worse than forecasts, which have put pressure on markets



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