# PSA Group to acquire Opel/Vauxhall from General Motors

General Motors and PSA Group announced an agreement for PSA to acquire GM's Opel/Vauxhall subsidiary and GM Financial's European operations for a total of €2.2 billion.

- Type: Acquisition
- Announced: 2017-03-06
- Where: Rüsselsheim, Germany, Germany
- Value: $2.33B (2.20B EUR)
- Status: announced
- Products: automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md)
- [General Motors](https://endata.com/companies/4654.md) (target)
- [PSA Group](https://endata.com/companies/19914.md) (acquirer)
- [Opel](https://endata.com/companies/22640.md) (target)
- [Vauxhall](https://endata.com/companies/22641.md) (target)

## Sources

- [investor.gm.com](https://investor.gm.com/news-releases/news-release-details/opelvauxhall-join-psa-group/), 2017-03-06: "We are proud to join forces with Opel/Vauxhall and are deeply committed to continuing to develop this great company and accelerating its turnaround."
- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5238988/editorial-psa-expects-greater-synergy-through-acquisition-of-gms-opel-vauxhall-business), 2017-03-13: "The acquisition will make the French automotive group the second largest automaker in Europe with combined market share of 17.1%"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.