Russian oligarch Oleg Deripaska has denied an interest in taking a big stake in Opel according to a report in Handelsblatt.

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Speculation has risen that Deripaska’s investment firm – he owns troubled GAZ – could take a stake in GM’s European operations, possibly alongside Magna.


However, the Handelsblatt report noted that the oligarch has more pressing business matters to deal with and that Moscow has so far refused him aid in his negotiations with creditors.
GAZ is near to being bankrupt.

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