Sberbank, the Russian state-controlled bank that backed Magna International in its attempt to take control of Opel, is now asking for compensations from General Motors after the US-based manufacturer canceled the sale in November. Although negotiations lasted for months, GM decided not sale Opel and start restructuring using its own resources and money coming from governments hosting Opel factories.
Just after GM announced its decision, Magna representatives stepped in and rejecte… (read more)