RT Arabic

Business

: (NYC) : (LON) : (MOW)

A flag bearing the logo of German carmaker Opel (AFP PHOTO / Philipp Guelland)

Big deal Investment Manufacturing Russia and the global economy

Doubts linger on Opel deal

permalink e-mail story to a friend print version

Published 26 June, 2009, 17:42

General Motors wants to keep the right to buy back Opel’s shares, which is giving the Sberbank-Magna consortium doubts about the deal to buy GM's European operations.

Yahoo StumbleUpon Google Live Technorati

del.icio.us Digg Reddit Mixx Propeller

Earlier Sberbank’s deputy CEO Denis Bugrov did not exclude the deal’s possible failure.
That raised speculation about a possible Opel acquisition by a Chinese company. Sberbank’s CEO Herman Gref said talks with GM continue.

“The deal can’t be cancelled as it has not yet been concluded. If the new terms are sufficient for our bank, the deal may be agreed in September, while the preliminary agreement may be signed in July.”

4.7/5 (6 votes)

rate this story

23:25 'Russian Giant' Valuev loses title bout with Haye

22:36 Russian deputy PM to visit India

21:00 Main news of November 7

20:28 Slovakia closes border crossings with Ukraine amid A/H1N1 fears

18:58 G20 pledges to maintain support for economic recovery

18:00 Russia ships Soyuz carrier rockets to Kourou spaceport

17:23 Medvedev to make state-of-the-nation address November 12

17:06 Russia, Slovenia could sign deal on South Stream next Sat - media

RT asks

With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

vote view answers without voting

Housing construction withers in the wait for funding Russia's housing construction sector has been hit hard with the mortgage market needing new sources of capitalisation before it can become affordable enough to boost building.

Gazprom pitches South Stream to the Turks Gazprom is in talks to build the vast South Stream gas pipeline to the EU through Turkish waters. Moscow wants to bypass unreliable transit states, but experts told RT Turkey will become a "Second Ukraine."

Unilever looks to cash in on Russian ice cream demand Global household and grocery goods producer, Unilever, is spending $140 million to build Russia’s largest ice cream plant.

Avtovaz posts FY 2008 Net Loss of 24.7 billion Roubles Russian automobile maker, Avtovaz, has posted a FY 2008 Net Loss of 24.7 billion Roubles under IFRS.

Gazprombank posts 1Q 2009 Net Profit of 16.6 billion Roubles Gazprombank, has posted a 1Q 2009 Net Profit of 16.6 billion Roubles under IFRS.

University leavers graduate to the unemployed queues 400,000 school and university students graduate this week. Many will go straight into the ranks of the unemployed. The head of the national jobs agency warned RT now is the worst time for young people to look for work.

M Video posts FY 2008 Net Profit of 1.25 billion Roubles Russian consumer electronics retailer, M Video, has posted a FY 2008 Net Profit of 1.25 billion Roubles under IFRS.

Russian car market soldiers through the doldrums The slump in Russian car sales has seen dealers and producers bring in a range of measures to keep customers buying but the short term outlook remains bleak, although there could be an upside over the longer term.

Lukoil looks to return to Iraq’s West Qurna For the first time in 37 years Iraq is inviting foreign companies to develop its oil assets. Among them is the West Qurna field, where Russia's Lukoil is bidding.

Looming rise in bad loans threatens economy Mounting levels of bad loans in Russia are creating concern about a new threat to an economic rebound. But analysts say the problem in Russia is different, with the governments support measures still to take affect.

Tax changes to bring more crude production and better profitability Russian oil companies have reversed their forecast that national production will fall over the next decade, after the government pledged new tax cuts.

Azeri gas deal brings Gazprom to the Caspian table President Dmitry Medvedev's visit to Baku on Monday, has seen Gazprom strike a deal to buy Azeri natural gas, and further cement energy ties between the resource-rich Caspian Region states.

Shell looks to LNG boost from Russia Russia has invited Royal Dutch Shell to take part in the Sakhalin-3 and Sakhalin-4 oil and gas projects in Russia's Far East.

Russia’s rich turn to cash during difficult times Russia's capital has hosted yet another celebration of the country's rich - the Millionaire Fair. That's just days after a report from Merrill Lynch, said the net worth of the world's top earners has fallen by a fifth.

Gazprom gets Ukraine assurance as potential of future beckons Gazprom has no doubt Ukraine will pay for gas deliveries on time this month. Ukraine’s Naftogas will buy only a third of the gas it contracted for - but without penalties.

Fisheries look to take bigger catch of Russian consumers Russia’s fishing industry is one of the few sectors growing this year despite the crisis. But the sector is still heavily dependent on imports with Market players saying legislation is holding the industry back.

Oil majors stump up for 2008 shareholders Major Russian oil companies will pay a 2008 annual dividend despite the collapse of oil prices and sales towards the end of the year. At shareholder meetings this week, most are also outlining strategic plans.

Financial reforms rusting by the roadside So the bankers are back to their old ways. The financial reforms, that three months ago politicians told us were urgent, are rusting by the roadside.

Economic crisis will not end soon In an exclusive interview with RT's Anastasia Churkina, Russia's Finance Minister Aleksey Kudrin speaks about the global economic crisis – how the world got here, and what will happen next.

World bank gloom on Russian economy as OECD looks for sharp rebound The economic crisis is changing the structure of Russia's population, boosting the number of poor and cutting the middle class. It's part of the World Bank’s forecast for this year - and it just got more gloomy.

PM’s supermarket visit puts spotlight on rising prices The state may soon control retail prices in Russia. A new legislation on retail business in Russia is to take its final shape in 10 days.

Russia’s ultra rich take hammering with their global peers The wealth of the world's rich and ultra-rich population has dropped by 20 % to $33 trillion.

World Bank says Russian liquor and tobacco taxes should rise as poverty jumps The World Banks says the economic crisis is boosting poverty in Russia, with the number expected to increase by 5% this year to 17% of the population.

Central bank believes Russian economy is close to bottoming out The Central Bank could lower its re-finance rate once again in July, says its re-elected head Sergey Ignatiev. The rouble could weaken further, but there are no evident reasons for that.

Total signs up for Yamal gas project Europe's largest refiner, Total, will help develop a gas field in Russia's Arctic, and build a liquified gas plant. It will also buy a 49% stake in a subsidiary of Russia's independent gas producer Novatek.

IKEA halts Russian investment because of bureaucracy The world's largest furniture retail group, IKEA, has put the brakes further Russian development due to what it describes as “the unpredictable character of administrative procedures in some regions."

Novorossiysk Commercial Sea Port Group posts 1Q 2009 Net Profit of $33.7 million Russia’s largest port operator, Novorossiysk Commercial Sea Port, has posted a 1Q 2009 Net Profit of $33.7 million under IFRS.

Russian stocks push into bear territory as crude and World Bank cloud outlook Russia’s stock markets have headed back into bear market territory – falling more than 20% from their highs for the year.

Eurochem posts 1Q 2009 Net Loss of 1.734 billion Roubles Russian fertilizer producer, Eurochem, has posted a 1Q 2009 Net Loss of 1.734 billion Roubles under IFRS.

Ukraine gas payments: Russia ‘reserves the right to act’ Prime Minister Vladimir Putin has reiterated Russia's position saying it reserves the right to act, if Ukraine fails to make gas payments, claiming Ukraine has enough money to pay for gas from its international reserves.

Spartak blunder in Samara ruins their title hopes

Russia-EU relations the cornerstone of overall European development – Medvedev

WWII tanks in the heart of Moscow

“The fall of the Berlin Wall in 1991 was unexpected”

Georgian opposition marks anniversary of dispersed protests

“The fall of the Berlin Wall produced the stronger Europe”

Business ties hold awkward relationship in place

English language service creates a business for those with drive

Scandinavian Nord Stream approvals bring construction closer

CTC Media posts 3Q Net Income of $25.8 million

No final decision on Eurobonds says Deputy Finance Minister

Government holds to conservative GDP outlook while economists see upside

Shock GM decision on Opel sale draws ire

Pencils vs Disney

Putin moves into movie industry

Russian triumph at Sotheby's

On Air

Spartak blunder in Samara ruins their title hopes

KHL’s goals galore: Week 8

MMA: Rogers ready to go over the top against Emelianenko

Soyuz launchers gain a foothold at main European space port

Newborns cry in native tongue

No unfair advantage in sprint blades – study

My RT-custom sitebar

« previous page

myspace hit counter