Russian state lender Sberbank said Thursday it faces no competitors in its deal to buy German carmaker Opel with Canada's Magna from bankrupt US giant General Motors, despite delays in negotiations. 'I don't see any serious competition here. The choice is made. The important thing is to finalize the structure of the deal,' Sberbank chief executive German Gref said, quoted by the RIA-Novosti news agency. The German government last month announced a rescue plan for Opel in which 35 percent of the firm would go to Sberbank, 20 percent would go to Canadian auto parts manufacturer Magna International and 35 percent would stay with GM. Negotiations have since stalled as GM has tried to up the price of the deal. Last week, Gref said General Motors had to meet Russia's conditions for the deal to be clinched: 'If the conditions suit us then we can close this deal.' But asked about the possibility of the negotiations falling through, the deputy head of the bank, Denis Bugrov, said: 'I am not excluding it.' If the takeover is agreed, Gref said the deal could be signed in September. 