GM, PSA Value Opel at $2 Billion as Deal Talks Advance
- Automakers are targeting initial agreement by late next week
- Final valuation to depend on liabilities, savings potential
General Motors and PSA Group are discussing a valuation for GM’s Opel unit of roughly $2 billion as the automakers push to reach an agreement as soon as the end of next week. Bloomberg’s David Welch reports on 'Bloomberg Markets: European Close.' (Source: Bloomberg)
General Motors Co. and PSA Group are discussing a valuation for GM’s Opel unit of roughly $2 billion as the automakers push to reach an agreement as soon as the end of next week, people familiar with the matter said.
The price tag would comprise about $1 billion in cash and the assumption of roughly $1 billion in liabilities, said the people, who asked not to be identified because the negotiations are private. The amount is still fluid as the two assess factors such as pension liabilities, the value of brand rights and savings potential, the people said.