The Treasury Department to Hire Adviser for GM IPO

The Treasury Department, who holds a 61% stake in General Motors Corporation after its $50 billion bailout of the auto maker last year, is interviewing Wall Street bankers to advise the government on an initial public offering of GM , the WSJ reported on Saturday.

Among the Wall Street firms competing for the role are Greenhill & Co. (GHL), Lazard Ltd. (LAZ) and Perella Weinberg Partners, the newspaper said, citing people familiar with the meetings.

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