PSA will buy 100% of the company’s production plants for €1.32bn and the financing arm’s 50/50 joint-venture with BNP Paribas* will buy OPEL’s financing activities for €0.9bn, i.e. PSA’s cash payment will amount to €1.87bn. This will be financed by cash (c. €1.1bn) and by warrants issued to GM (€0.65bn). The issue of the warrants has to be approved by the upcoming AGM on 10 May and, if the issue is rejected, PSA will pay this amount over a peri
06 Mar 2017
OPEL/Vauxhall takeover without proper due diligence?
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OPEL/Vauxhall takeover without proper due diligence?
- Published:
06 Mar 2017 -
Author:
Hans-Peter Wodniok -
Pages:
3
PSA will buy 100% of the company’s production plants for €1.32bn and the financing arm’s 50/50 joint-venture with BNP Paribas* will buy OPEL’s financing activities for €0.9bn, i.e. PSA’s cash payment will amount to €1.87bn. This will be financed by cash (c. €1.1bn) and by warrants issued to GM (€0.65bn). The issue of the warrants has to be approved by the upcoming AGM on 10 May and, if the issue is rejected, PSA will pay this amount over a peri