State Aid In Opel Sale To Get Heavy EU Scrutiny

Law360, New York (September 11, 2009, 3:48 PM EDT) -- Any state aid to European automaker Adam Opel GmbH will receive close scrutiny, the European Commission said Friday, following parent company General Motors Corp.'s announcement that it would sell a controlling stake in Opel to Magna International Inc. and OAO Sberbank.

EC spokesman Jonathan Todd said Friday that the commission had been in touch with the German government and reminded it of its obligations.

Opel is based in Russelheim, Germany, and the German government is backing the deal with loan guarantees, though a definitive financing package...
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