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-GM - Opel/Vauxhall to join PSA Group

Detroit and Paris - General Motors Co. (NYSE:GM) and PSA Group (Paris:UG) today announced an agreement under which GM's Opel/Vauxhall subsidiary and GM Financial's European operations will join the PSA Group in a transaction valuing these activities at EUR1.3 Bn and EUR0.9 Bn, respectively.

With the addition of Opel/Vauxhall, which generated revenue of EUR17.7 Bn in 20161, PSA will become the second-largest automotive company in Europe, with a 17% market share2.

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