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If you recall the the US government engineered the bankruptcy and restructuring of General Motors. Negotiations have dragged out for months and now, finally, GM will sell it Opel holdings to Magna and a Russian Consortium of state owned Sherbank and GAZ One component of the plan was for GM to sell off some of its assets to raise cash.
GM will still retain 35% ownership of Opel. Magna and Sherbank would each own 27.5% and Opel employees would hold 10%.
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