NEW YORK, Dec 25 (Reuters) - Russian state-controlled Sberbank has said General Motors should compensate it for an aborted attempt to sell a stake in Opel or it will sue, the Associated Press reported on Friday.
Sberbank and Canada's Magna tried to buy a stake in Opel, but the deal fell through last month after months of painstaking negotiations when GM's board decided to keep the the loss-making unit.
Sberbank Chief Executive German Gref said in televised comments that GM should voluntarily compensate his company for its decision, the AP reported.
'We think that GM's commitment went so far that they should have sealed the deal,' the AP quoted Gref as saying.
Sberbank and GM could not immediately be reached.
(Editing by Leslie Adler) Keywords: SBERBANK/OPEL (paritosh.bansal@thomsonreuters.com +1 646 223 6113; Reuters Messaging: paritosh.bansal.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Sberbank and Canada's Magna tried to buy a stake in Opel, but the deal fell through last month after months of painstaking negotiations when GM's board decided to keep the the loss-making unit.
Sberbank Chief Executive German Gref said in televised comments that GM should voluntarily compensate his company for its decision, the AP reported.
'We think that GM's commitment went so far that they should have sealed the deal,' the AP quoted Gref as saying.
Sberbank and GM could not immediately be reached.
(Editing by Leslie Adler) Keywords: SBERBANK/OPEL (paritosh.bansal@thomsonreuters.com +1 646 223 6113; Reuters Messaging: paritosh.bansal.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.