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Mergers and Acquisitions: Peugeot in talks to buy Opel from General Motors

PSA Group has confirmed it is in talks with Opel owner GM

French car maker PSA Group is exploring the acquisition of General Motor’s European Opel brand.

PSA Group is discussing a potential acquisition of rival European carmaker Opel from General Motors, a spokesman for the French manufacturer said on Tuesday.

“PSA confirms that it is exploring a number of strategic initiatives with GM with the aim of increasing its profitability and operating efficiency, including a potential acquisition of Opel,” company spokesman Bertrand Blaise said.

Sources earlier told Reuters that GM and PSA, owner of brands including Peugeot, were in advanced discussions to combine the Paris-based carmaker with Opel. Source: Reuters

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