M&A

3 November, 2009

German govt declines comment on GM's Opel decision

BERLIN, Nov 3 (Reuters) - A German government spokesman declined to comment on Tuesday on a decision by the board of General Motors Co [GM.UL] to keep Opel.

The board's decision undoes months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna (MGa.TO).

"No comment," the government spokesman said when asked about the decision. (Reporting by Gernot Heller, writing by Paul Carrel)

Source: http://www.reuters.com