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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.18 | -0.76% | 23.40 | 23.48 | 23.49 | 23.67 | 23.40 | 23.49 | 203,680 | 16:50:27 |
The European Commission is seeking further information from Germany on aid to General Motors Corp.'s (GM) European unit Adam Opel GmbH, a spokesman said Wednesday.
The commission is "still verifying whether the Opel bridging loan" fits into the overall scheme to sustain Germany's economy, which has already been approved, Jonathan Todd, competition spokesman, said during a daily press conference. "We are still lacking some specific information from the German authorities," he said, adding however that it is just a "routine matter," and that a conclusion should come quickly, once the commission obtains the missing information.
Todd said last month that Germany wouldn't have to notify the Opel aid to the commission for approval since the loans appeared to be in line with the German scheme to help companies suffering as a result of the financial crisis.
The German government has selected Austrian-Canadian car parts maker Magna International Inc. (MGA) as a partner for Opel, and is providing a EUR1.5 billion bridging loan.
-By Alessandro Torello and Peppi Kiviniemi, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com
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