NautaDutilh assisted PSA Group (Paris:UG) with the acquisition of the Opel/Vauxhall operations and GM Financial’s European operations from the General Motors Co. (NYSE:GM). Signing of the transaction was announced this morning and the operations are valued at EUR 1.3 Bn and EUR 0.9 Bn, respectively. The transaction is expected to close before the end of 2017.
With sales and revenue of EUR 54 billion in 2016, PSA Group designs unique automotive experiences and delivers mobility solutions that provide freedom and enjoyment to customers around the world. The Group has three car brands, Peugeot, Citroën and DS, as well as a wide array of mobility and smart services under its Free2Move brand, to meet the evolving needs and expectations of automobile users. Find out more at groupe-psa.com/en.
The official press releases are available:
PSA Media Center: Opel/Vauxhall to join PSA Group
General Motors Media Center: Opel/Vauxhall to join PSA Group