Merkel could intervene to support Magna's Opel bid
BERLIN |
BERLIN Aug 11 (Reuters) - German Chancellor Angela Merkel reiterated on Tuesday that she backed Magna's MGa.TO bid for carmaker Opel and said she was ready to intervene personally if needed to support the Canadian auto parts group's offer.
"I have a clear preference for Magna and want to make that clear again," Merkel told RTL television in an interview.
"We are in constant talks. I am always informed. If it is necessary, I will join in of course," she added. Magna is vying against Belgium-based investor RHJ (RHJI.BR) for Opel, a unit of General Motors.
(Reporting by Andreas Moeser; Writing by Noah Barkin)
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