Opel To Be Officially Signed Over During The October Month

General Motors has agreed to the sale of 55 percent stake of Opel to Magna International, where the final signing was said to happen during the October month.

“We’re trying to get all things done by early October,” he was quoted as saying by Reuters. “Please don’t misread me in saying we have disagreements — it’s just that the work was prioritized into four major items that are the highest complexity,” he said. “Those are now completed and could be signed today. We just have some work to go on the smaller agreements before all eight can be done.”

All rumours regarding GM wanting to buy Opel back have been denied, as CEO Fritz Henderson has revealed.

“We want this deal to close. We want Opel to succeed — period,” the GM CEO said. “There is no call option. There is no put option. So they can’t force us to buy and we can’t force them to sell. But if they want to sell, we have the right to make an offer,” he added.