KROES WARNS GERMANY NOT TO ADD STRINGS TO OPEL DEAL
September 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Commission has warned the German government it must not at string to its support of the planned Magna International and Sberbank takeover of Opel requiring the protection of German jobs and plant.
In a speech yesterday (Sept 14) to the European Parliament, in Strasbourg, European Union (EU) competition Commissioner Neelie Kroes said that Berlin's offer of Euro 4.5 billion to the planned New Opel company "cannot be subject - de jure or de facto - to additional conditions concerning the location of investments and/or the ...
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