EU authorities will check the sale Opel until November 27

The experts of the European Commission, the chief executive body of the European Union, until 27 November will determine whether the transaction is contrary to the sale of the German automaker Opel consortium of Austro-Canadian company Magna and Sberbank of Russia's European competition laws, said on Monday AFP. Manual GM announced the sale of a controlling stake Opel consortium Magna-Savings Bank on September 10. Following the transaction, the consortium will receive 55% of the company, employees Opel - 10%, and GM reserves at its disposal 35% of the shares. Last Thursday, Magna and Sberbank gave the European Commission documents on the transaction, and now the European experts to decide whether to approve the sale automaker. The agency notes that as the executive body of the EU may require the parties to fulfill certain conditions, or to appoint a more extensive review. The main objective of the EC experts - to determine how and to what extent the implementation of the deal will affect competition in the European market. Also, Brussels should make a separate decision on the allocation of the German automaker financial assistance from the Germanic government in the amount of € 4,5 billion on the estimated date when the EC will decide on the matter, are not reported. A few days ago, said the agency, the European Commission documents on about whether the financial assistance promised by the Government of Germany, the European legislation on competition. At the same time, the EU executive body stressed that the Commission documents on intend to block the sale of Opel consortium Magna and Savings Bank, but only wants to know "whether the unacceptable (in terms of EU legislation on competition) the conditions of allocation of money." On Friday, vice president of general Motors, John Smith reported that the signing of a definitive agreement to sell the German automaker Opel consortium of Austro-Canadian company Magna and Sberbank of Russia will be held no earlier than November 3.