FRANKFURT Aug 5 General Motors and Magna have
narrowed their differences in talks over the Canadian supplier's
bid for carmaker Opel, the Economy Minister of one of the German
states which has an Opel plant told Reuters on Wednesday.
Magna MGa.TO is one of the two main bidders for Opel. Its
rival is Belgium-based financial investor RHJ International
"GM and Magna have moved closer together. A good deal of the
critical points have been settled," Hendrik Hering, Economy
Minister for the state of Rhineland-Palatinate, told Reuters.
Germany, which is set to provide state aid to Opel, and GM
have to agree on the buyer for Opel. While German politicians
have long expressed a preference for Magna, GM has liked RHJ's
(Reporting by Angelika Gruber; via Berlin Newsroom)