Sunday, June 28, 2009

Magna buying Opel ... Or not

Magna deal for Opel stake could face problems: Russian report
Magna International Inc.'s plan to buy part of the European Opel car company with a Russian bank could face problems, executives with the bank said Friday.
Denis Bugrov of Sberbank, which is to take a 35 per cent stake in Opel, said at the bank's annual meeting that he 'did not exclude the possibility' the deal could fail, Russian media reported.

I have now given you roughly all the useful information that was in the story. There are no details on why there could be a problem. This isn't reporting.

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