Investing.com - (NYSE:General Motors) said Monday France's (PA:PSA Group) will buy its Opel/Vauxhall unit for €1.3.
GM also said PSA will buy GM Financial's European operations for a further €0.9 bn.
Opel/Vauxhall, booked revenues of €17.7 bn last year.
The acquisition will make PSA the second-largest carmaker in Europe, with a 17% market share.
PSA also in auto financing joint venture with (PA:BNP Paribas) to develop Opel/Vauxhall brands.