German EconMin rules out GM buyback of Opel-paper

Newswire

FRANKFURT, July 19 (Reuters) - Germany's economics minister ruled out any attempt by General Motors to include an option to buy back majority control of Opel as part of a deal to give up over 50 percent of its German unit in exchange for state aid.

"This is incompatible with our views and cannot happen," Karl-Theodor zu Guttenberg told German Sunday paper Frankfurter Allgemeine ...

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