To G.M., From Russia With Love

To G.M., From Russia With Love

by _Jeffrey Cane_ ( e)
Aug 8 2007

Aluminum tycoon buys a small stake.

( ofiles/128)

Investors, with the exception of Cerberus Capital Management in its
acquisition of Chrysler, have not been showing Detroit much love of

But now a Russian oligarch, Oleg Deripaska, has acquired a stake in
_General Motors_
( y-profiles/128) of less than
5 percent, now worth about $900 million, _according_
( -11dc-82f5-0000779fd2ac.html) to
theFinancial Times and the Russian newspaper Vedomosti.

Deripaska becomes G.M.’s highest profile minority investor since Kirk
Kerkorian owned as much as 10 percent. But while Kerkorian was
outspoken about changes at G.M., like a three-way alliance with
Renault and Nissan, it is unclear what Deripaska, who founded the
aluminum giant Rusal and has close ties to the Kremlin, wants.

Deripaska, 39, has been increasingly interested in the automotive
sector. He is the main shareholder of OAO Gaz, one of Russia’s biggest
automakers and he is trying to acquire a $1.5 billion stake in Magna
International, the Canadian auto-parts supplier.

He is unlikely to pay a visit to G.M.’s top executives anytime soon,
however. His visa to the United States has been revoked amid questions
about past business dealings. © 2007 Condé Nast Inc.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS