GM eyes $257 million European asset sale - FT

Newswire

Nov 28 (Reuters) - General Motors Corp has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said. The plan is part of a global push by the carmaker to raise up to $4 billion from asset sales and capital market transactions as it runs critically short of cash, the paper said. In the U.S., the company is looking to sell and lease back the Renaissance ...

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