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But after talks over the past week with Mr. Putin, Mrs. Merkel insisted on better terms if Magna was to obtain a stake in Opel.
Creditors with claims of as much as 10 billion Canadian dollars will obtain a stake of about 56percentt in Air Canada, the airline said.
Under such a deal, the Russians would supply the gas and obtain a stake in the Ukraine transit and distribution network, Ukraine would get subsidized gas, and the Europeans would get a secure supply in exchange for helping to finance and expand the network.
As if those developments weren't enough, yesterday Gazprom offered the highest bid to obtain a stake in the massive Leviathan gas field off Israel's coast.
According to the Russian press, Gazprom wants to obtain a stake of about 75% in Russia Petroleum, the TNK-BP subsidiary that operates the Kovykta license.
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Repeated attempts of private litigants to obtain a special stake in public rights have been consistently denied.
Its ruling last month struck down a German law and cleared the way for Porsche, already the largest shareholder, to obtain a majority stake in VW.
See articleSergio Marchionne suggested that Fiat could obtain a controlling stake in Chrysler before the Detroit carmaker's stockmarket flotation later this year.
Trilogy, which is trying to make a hostile takeover of Chapters, bid 17 Canadian dollars ($11.25) a share for Chapters on Saturday, up from a previous bid of 15 dollars ($9.93) a share to obtain a controlling stake.
BP has been locked in a struggle with its four Russian partners, all billionaires, who are seeking to obtain a majority stake in the venture, in which BP holds 50percentt.
Under the terms of the accord, E.On will obtain a 25percentt stake in the Yuzhno-Russkoye field, which, according to Gazprom, has recoverable reserves of about 600 billion cubic meters of natural gas.
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