FRANKFURT Opel, the European arm of General Motors (GM.N), said its sale to France's PSA Group (PEUP.PA) could be completed as early as July 31, pending regulatory approval from antitrust authorities.
In March, when Peugeot owner PSA agreed to buy Opel from General Motors (GM) in a deal valuing the business at 2.2 billion euros ($2.3 billion), the companies said the transaction could be completed by year end.
"We confirm that the closing is expected to take place in the second half of 2017 as planned, and that the date of 31 July constitutes a first assumption for the earliest possible date, subject to the decision of the competition authorities,” Opel said in a statement.
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