Angela Merkel Visits Opel at Frankfurt
"We have done everything we could in order to have Opel a fair chance, nothing more and nothing less. I am certain that you and the employees will use it," Angela Merkel said during her visit at Opel's stand.
Angela Merkel is one of the German officials who repeatedly backed Magna and even revealed that she was ready to personally intervene in the talks and support the Canadian - Austrian partsmaker.
"There are still a number of questions to be cleared up. But the Magna concept offers excellent starting points," Merkel said back in July when she met with Russian president Dmitry Medvedev. "It offers Opel a chance and also creates the possibility of establishing a strategic partnership in the car sector with Russia."
"I have a clear preference for Magna and want to make that clear again," she added one month later, once again supporting the Canadian - Austrian carmaker. "We are in constant talks. I am always informed. If it is necessary, I will join in, of course."
General Motors two weeks ago agreed to sell 55 percent of Opel to Magna and Russian bank Sberbank, while a 10 percent stake will be sold to Opel employees. GM will retain a 35 percent share in the company.