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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.
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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.
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