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GM Generali

23.29
-0.19 (-0.81%)
09:56:24 - Realtime Data
Share Name Share Symbol Market Type
Generali AQEU:GM Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.19 -0.81% 23.29 23.28 23.30 23.32 23.07 23.31 84,156 09:56:24

Fiat-Opel Deal May Still Be Possible - Italy Industry Min

04/06/2009 11:47am

Dow Jones News


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MILAN (MF-Dow Jones)--Fiat SpA's (F.MI) possible takeover of General Motors Corp.'s (GM) unit Adam Opel GmbH may still be possible despite the Germany government picking Magna International Inc. (MGA) for a deal, said Italy's Industry Minister Claudio Scajola Thursday.

Comments from the German government "may mean that six months from now" Fiat's bid will be "reconsidered," said Scajola on the sidelines of a conference in Milan.

Scajola also said Fiat's bid for Opel was the "best" one made.

The German government early Saturday said it selected Magna as a partner for Opel and agreed on providing EUR1.5 billion in bridge financing from the federal and state governments, paving the way for a takeover by Magna and its two Russian partners.

Wednesday, German Economics Minister Karl-Theodor zu Guttenberg said the deal struck with Magna is non-binding.

Company Web site: http://www.fiatgroup.com

-By Paola Longo, MF-Dow Jones, and Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

 
 

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