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Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights

Published: September 29, 2010; 15:25 · (Vindobona)

Siegfried Wolf, one of the two former top executives of Magna International not only changes over (as reported) to Oleg Deripaska's “Basic Element” company, but will also have a stake in it.

Russian Machines: Siegfried Wolf Obtains a Stake and Receives Clear Voting Rights / Picture: © Wikipedia / Steindy

As the "Kurier" reports, Siegfried Wolf, who will assume the management of the engineering division "Russian Machines" of "Basic Element" in November, will also have a stake that will grant him "clear voting rights". On the extent of his participation, however, strict silence is being observed.

Wolf, since 2005 Co-CEO of Magna, had until recently also had a single digit…

This article includes a total of 163 words.

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