GM, Magna to close Opel sale by mid-Sept-union

Newswire

FRANKFURT, June 26 (Reuters) - General Motors and Magna hope to close the sale of a majority stake in GM's Opel by the middle of September, ahead of Germany's general elections, an Opel supervisory board member told Reuters on Friday. "There should be a contract ready by July 15 between GM and Magna...by mid-September there should be a closing," said Rainer Einenkel, the senior labour leader at Opel's Bochum plant, who also sits on the board. (Reporting by Angelika Gruber)

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