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German EconMin plays down review of Opel deal

Published 10/29/2009, 09:49 AM
Updated 10/29/2009, 09:51 AM

BERLIN, Oct 29 (Reuters) - Germany's economy minister distanced himself on Thursday from comments by a party colleague who had said the new government in Berlin would review the previously agreed sale of General Motors unit Opel to Canada's Magna.

Dirk Pfeil, a Free Democrat (FDP) and member of the trust overseeing Opel, told a German newspaper this week Berlin's new centre-right coalition planned to review the Opel sale plan and that the carmaker could end up staying part of U.S. parent GM.

However, new FDP Economy Minister Rainer Bruederle told Reuters on Thursday that Pfeil was "not a spokesman for the government" and played down the possibility that Chancellor Angela Merkel's coalition could take another look at the deal.

"We have a situation where much has already been locked in," Bruederle said.

The FDP has been sceptical of the planned sale to Magna and Russian partner Sberbank, which was pushed through by Merkel's previous coalition with the Social Democrats (SPD).

The GM board is due to meet on Tuesday to decide whether to press on with the sale of a 55 percent stake in Opel after European Union competition authorities in Brussels expressed concerns about the fairness of the bidding process.

(Reporting by Gernot Heller; Writing by Noah Barkin; editing by Simon Jessop)

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