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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.26 | -1.11% | 23.22 | 23.21 | 23.23 | 23.32 | 23.07 | 23.31 | 67,105 | 09:43:09 |
From Jul 2019 to Jul 2024
The deal struck on the future of General Motors Corp.'s (GM) German unit Adam Opel GmbH with Austrian-Canadian car parts maker Magna International Inc. (MGA) is non-binding, German Economics Minister Karl-Theodor zu Guttenberg said Wednesday.
"The takeover by Magna is as concrete as a non-binding memorandum of understanding can be," zu Guttenberg told reporters. "There are two negotiating partners who are in takeover talks...and we now hope that there will be a signing of an agreement."
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.
-By Andreas Kissler, Dow Jones Newswires, +49 (0)30 - 2888 410, andreas.kissler@dowjones.com
(Andrea Thomas contributed to this report)
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