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