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Sberbank head says to pick Russian firms to assemble Opel cars

© Ruslan KrivobokSberbank head says to pick Russian firms to assemble Opel cars
Sberbank head says to pick Russian firms to assemble Opel cars - Sputnik International
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Russia's Sberbank and Austrian-Canadian car parts maker Magna will select Russian enterprises to assemble Opel vehicles after carrying out a full audit.

SOCHI, September 17 (RIA Novosti) - Russia's Sberbank and Austrian-Canadian car parts maker Magna will select Russian enterprises to assemble Opel vehicles after carrying out a full audit, the state savings bank's CEO said on Thursday.

German Gref said he did not rule out including Russia's largest carmaker, AvtoVAZ, in their plans.

The GM board approved the U.S. auto giant's sale of Opel to Sberbank and Magna last week, and the deal is expected to go through next month. Russian automaker Gaz is expected to eventually take over Sberbank's shares.

"We absolutely can collaborate with AvtoVAZ in the production of car parts," Gref told journalists at an economic forum in Russia's Black Sea resort of Sochi. "Cooperation is completely possible."

Graf noted that Sberbank was interested "in the stabilization of situation at AvtoVAZ," which is a client of bank.

He said the head of Magna would arrive in Moscow next week to discuss their joint plans.

 

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