Magna would take 20 pct stake under Opel plan
BERLIN May 22 (Reuters) - Canadian-Austrian car parts group Magna MGa.TO said on Friday that under its plan for Opel, U.S. parent GM (GM.N) and Russian partners would each hold 35 percent stakes, while it would take 20 percent and employees 10 percent.
Magna co-CEO Siegfried Wolf said the company intended to keep all four German plants but he would not make any promises for Opel plants in England and Antwerp, where the future was uncertain.
(Reporting by Christiaan Hetzner)
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Insight: In Yemen, al Qaeda gains sympathy amid U.S. drone strikes
- Twitter backtracks on block feature after users revolt
- Iran angry over U.S. sanctions, nuclear talks interrupted