Germany vulnerable as neighbors slam Magna-Opel (Dealscape

Germany may be left holding the bag for a €4.5 billion ($6.7 billion) loan guarantee for Adam Opel GmbH as criticism increases among its European neighbors of Berlin's involvement in the proposed sale of the Rüsselsheim, Germany, carmaker to Magna International Inc. and Sberbank.

In a letter to German Economy Minister Karl-Theodor zu Guttenberg, Spanish Industry Minister Miguel Sebastián said he would boycott a Friday meeting between Magna and governments where Opel has activities, according to the German newspaper Süddeutsche Zeitung.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

291 company pages related to Canada
156 in-depth reports of PE deals in the Retail sector
21 company pages related to Bain Capital
15 articles related to Dollarama
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Birds Eye
Cadbury AG
Agrium Inc.
Skadden Arps
Revolution Money
Tandberg ASA
Aisling Capital
Ken Lewis
Natco

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Germany vulnerable as neighbors slam Magna-Opel Posted on October 9, 2009 2:30 PM Germany may be left holding the bag for a €4.5 billion ($6.7 billion) loan guarantee for Adam Opel GmbH as criticism increases among its European neighbors of Berlin's involvement in the proposed sale of the Rüsselsheim, Germany, carmaker to Magna International Inc. and Sberbank. In a letter to German Economy Minister Karl-Theodor zu Guttenberg, Spanish Industry Minister Miguel Sebastián said he would boycott a Friday meeting between Magna and governments where Opel has activities, according to the German newspaper Süddeutsche Zeitung. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 291 company pages related to Canada 156 in-depth reports of PE deals in the Retail sector 21 company pages related to Bain Capital 15 articles related to Dollarama 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.