Here is an update on a subject that I have followed from the beginning: The European Union has been causing Germany tremendous headaches over the GM / Opel to Magna / Sberbank with the threats of antitrust issues. The EU finally has said that they will not cause or plan any blocks of the transaction.

With Opel poised to run out of cash by mid-January, it was in nobody’s interests to reopen the bidding process for the car maker, and the EU was looking like they were going to force that very issue. So it looks like finally the deal will go through…

Articles from Windows to Russia on this subject:

http://www.windowstorussia.com/2009/09/germany-finally-twisted-enough-arms.html
http://www.windowstorussia.com/2009/08/is-gm-dragging-feet-because-russia-is.html
http://www.windowstorussia.com/2009/05/opel-is-officially-sold-to-russia-and.html
http://www.windowstorussia.com/2009/05/russia-vultures-have-circled-and-await.html

You can always follow Windows to Russia for updates on your favorite articles.

Windows to Russia!
comments always welcome.

This entry was posted on Wednesday, October 21st, 2009 at 2:26 pm and is filed under GM, Magna, Opel, Russia, Sberbank. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.