Financial Times FT.com

GM board to reconsider Opel sale plan

By Daniel Schäfer in Frankfurt

Published: November 2 2009 19:46 | Last updated: November 2 2009 19:46

General Motors’ board is set to meet on Tuesday to reconsider the planned sale of Opel to Canadian car-parts supplier Magna and Sberbank, the Russian bank.

The reassessment of the long sales process, which has been fraught with political haggling over job cuts and state financing, comes after the European Commission last month expressed concerns about the fairness of the bidding procedure.

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