GM, PSA said to value Opel at $2 billion as talks advance

FRANKFURT — General Motors and PSA Group are discussing a valuation for GM’s Opel unit of roughly US$2 billion as the automakers push to reach an agreement as soon as the end of next week, people familiar with the matter said. The price tag would comprise about US$1 billion in cash and the assumption of roughly US$1 billion in liabilities. The amount is still fluid as the two assess factors such as pension liabilities, the value of brand rights and savings potential, the people said. The manufacturers are working to complete the framework of a deal for PSA to buy Opel as soon as next Thursday, when the maker of Peugeot and Citroen cars reports full-year earnings, the people said, adding that an agreement could end up being delayed due to the complexities and talks could also still fall apart.