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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.14 | -0.60% | 23.34 | 23.33 | 23.35 | 23.36 | 23.07 | 23.31 | 102,619 | 11:33:19 |
From Jul 2019 to Jul 2024
Austrian-Canadian automotive supplier Magna International Inc. (MGA) and Russian car manufacturer Gaz Russia (GAZA.RS) will place a joint bid for troubled German carmaker Opel before the offer deadline expires at 1800 GMT, a person close to the deal told Dow Jones Newswires Wednesday.
"You can safely assume that Magna and its partners will present its concept for a takeover of Opel today," the person said, declining to give further details.
"Even if the deal is successful, Magna will continue to perceive itself as an automotive supplier, not a car manufacturer," the person said, thereby indicating that Magna itself doesn't pursue a majority stake in Opel.
Gaz is Russia's second-largest carmaker. It has previously been reported that Russia's Sberbank (SBER.RS) would be the primary financier of a joint bid by Gaz and Magna.
Opel is being sold after its owner, U.S. giant General Motors Corp. (GM), ran into financial difficulty and was pushed into a comprehensive restructuring of the company.
-By Flemming E. Hansen, Dow Jones Newswires; +43 1 513 69 22 10; flemming.hansen@dowjones.com
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