Russian lender OAO Sberbank demanded compensation from General Motors Co. for the failed deal to buy the U.S. auto maker's German subsidiary, Adam Opel GmbH, according to media reports.
GM should pay voluntary compensation for its decision in early November to scrap the selling of a 55% stake in the struggling Opel to Sberbank and Canadian auto-parts maker Magna International Inc. (MGA), reports stated, citing Sberbank's chief executive, German Gref.
Sberbank reportedly planned to take a 35% stake and Magna a 20% stake. The deal was courted in Russia as a major coup for the country's troubled carmaking industry, based on signals that Magna would produce Opel cars in Russia, reports stated.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.