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GM deal on Opel still possible: German minister

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General Motors (CVE: GM) succeed to finalize a buyer for its German unit Opel, Germany's Economy Minister Karl-Theodor zu Guttenberg was quoted as saying on Saturday. Despite strong German pressure to back a bid by Magna International, General Motors Co declined to name the Canadian automotive firm as the winning bidder.

 

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Posted-In: Intraday Update