Report: General Motors regains full control of Opel

General Motors Co. has completed payments for an emergency loan it had gotten for Opel. The loan amounted to 1.5 billion euros (about $2.25 billion) including interest. As a result, a trust that had held a 65% stake in Opel has been dissolved, allowing GM to regain full control of its European brand.

A statement from the German economics ministry confirms that the shares in Adam Opel GmbH had been returned to GM.
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veyron1001 - 12/1/2009 6:37:42 PM

-2 Boost

Well that is not good