Ally Financial Inc. is close to an agreement to sell its Europe and Latin America auto financing operations for about $4 billion, Reuters reported Friday, citing two sources familiar with the situation.
General Motors Co. (GM) would be the leading bidder if Ally decides to sell the operations together, but Ally may also seek two different buyers for Europe and Latin America, the sources told Reuters.
Full story at http://www.reuters.com/article/2012/11/09/us-ally-deal-idUSBRE8A81LY20121109
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(END) Dow Jones Newswires
November 09, 2012 18:55 ET (23:55 GMT)
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