The Proposed Joint Acquisition of Financial Activities of Opel, Vauxhall by Groupe PSA BNP, Paribas Is Approved by European Antitrust Authorities
Today, the
This proposed deal to jointly acquire the captive financing companies of Opel/Vauxhall and to build a strategic long-term partnership around the Opel and Vauxhall brands was announced on
These activities will benefit from the combined expertise of
This operation is also subject to the approval of the European banking authorities, whose decision is expected in the second half of the year.
"An important milestone was reached today for the teams already mobilized on this project for several months", explains
About Groupe PSA
The Groupe PSA designs unique automotive experiences and delivers mobility solutions to meet all client expectations. The Group has five car brands, Peugeot, Citroen, DS, Opel and Vauxhall, as well as a wide array of mobility and smart services under its Free2Move brand, aiming to become a great car maker and the preferred mobility provider. It is an early innovator in the field of autonomous and connected cars. It is also involved in financing activities through
Media library: https://medialibrary.groupe-psa.com/ / Twitter: @GroupePSA
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