PSA Peugeot Citroen Group acquired the German brand Opel

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Reuters has reported that the French group PSA Peugeot Citroen has acquired the German company Opel and its British division of the Vauxhall, paying American concern General Motors 2.2 billion euros. According to media reports, the deal will be finally closed in the fourth quarter of 2017. After this transaction, the market share of the group PSA Peugeot Citroen rose to 16% in Europe. Thus, the French company is now second only to the Volkswagen concern, which this figure is 24%. The acquisition of Opel and Vauxhall allowed the French to strengthen its position in the market. So, after the announcement of the purchase price of securities of the group PSA Peugeot Citroen rose to 20.06 euros per share (+ 5.25%), which is the best indicator of July of 2011. In conclusion, as a significant transaction PSA Group has helped financial conglomerate BNP Paribas. Together, these companies paid 900 million euros and is equally divided between the control of the financial assets of Opel and Vauxhall. Recall that the GM company owned Opel brand for almost 90 years and the sale of the company in the media attributed to the fact that the Germans were not able to meet its financial obligations assigned to them.

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