Magna International and Russian state lender OAO Sberbank combining to bid for a majority stake in Opel, German newspaper Handelsblatt said on Wednesday, citing unnamed sources.

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The paper said the two companies had previously eyed a combined stake in the GM Europe unit of up to 50%, but Sberbank now wants to increase its targeted stake from around 30%.


Magna could present its proposal for Opel in Berlin this week, Handelblatt said, citing both government and company sources.

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