Reuters logo
PSA reaches deal to buy Opel from GM, wins board approval - source
March 3, 2017 / 5:27 PM / 8 months ago

PSA reaches deal to buy Opel from GM, wins board approval - source

PARIS, March 3 (Reuters) - French carmaker PSA Group reached an agreement with General Motors to buy the U.S. carmaker’s loss-making Opel division and won the support of its own board for the deal on Friday, a source familiar with the matter told Reuters.

The Paris-based maker of Peugeot and Citroen cars plans to announce the acquisition early on Monday, the source said. A company spokesman declined to comment. (Reporting by Laurence Frost and Gilles Guillaume; editing by Andrew Callus)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below