Mexican Media Brands
Peugeot Family Could Buy France’s Stake in PSA
The Peugeot family, which owns 14% of PSA Group, has indicated interest in buying at least a portion of the 14% stake in the company currently held by the French government, a source tells Reuters.
#economics
Share
The Peugeot family, which owns 14% of PSA Group, has indicated interest in buying at least a portion of the 14% stake in the company currently held by the French government, a source tells Reuters.
The state bought its €800 million holding in 2014 to help PSA avoid bankruptcy. The investment has nearly doubled since then.
China’s Dongfeng Motor Group, a long-time PSA partner, also acquired a 14% stake. It isn’t clear if Dongfeng also might want to buy a portion of France’s equity. Reuters says the Peugeot family plans to hold informal talks with the state about a possible government sale.
RELATED CONTENT
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.