PSA agrees to buy Opel in deal valuing GM unit at 2.2 billion euros

PARIS (Reuters) - PSA Group has agreed to buy European rival Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), the companies said on Monday, creating a new regional car giant to challenge market leader Volkswagen .

PSA agrees to buy Opel in deal valuing GM unit at 2.2 billion euros
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