# PSA Group acquires Opel/Vauxhall from General Motors for €1.3 billion

PSA Group has confirmed it will acquire Opel/Vauxhall from General Motors for €1.3 billion (£1.13bn). The deal also includes GM Financial's European operations for €0.9 billion.

- Type: Acquisition
- Announced: 2017-03-06
- Where: Germany
- Value: $1.37B (1.30B EUR)
- Status: announced
- Products: automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md) (partner)
- [PSA Group](https://endata.com/companies/19914.md) (acquirer)
- [Opel/Vauxhall](https://endata.com/companies/22651.md) (target)

## Sources

- [fleetnews.co.uk](https://www.fleetnews.co.uk/news/manufacturer-news/2017/03/06/opel/vauxhall-to-join-psa-group), 2017-03-06: "PSA Group has today confirmed that it will acquire Vauxhall/Opel from General Motors for €1.3 billion (£1.13bn)."

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