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- GM Close To Stake In Ally Foreign Operations
Saturday, November 17, 2012 - 9:57 AMAlly Bank
From The Detroit News
General Motors Co. is nearing a deal to acquire some of the international operations of its former mortgage unit Ally Financial for about $4 billion, a person briefed on the matter said.
Ally, once a wholly owned General Motors Corp. subsidiary known as GMAC, is shedding its foreign operations to repay the U.S. government's $17.2 billion bailout.
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