French minister confirms state will inject $1.1 bln in Peugeot
PARIS Feb 18 (Reuters) - France's Industry Minister confirmed on Tuesday the French state would inject 800 million euros ($1.10 billion) in PSA Peugeot Citroen leaving it with a 14 percent stake in the carmaker as part of a deal with China's Dongfeng.
Peugeot and Dongfeng have agreed a 3 billion euro capital tie-up that buys Peugeot more time to turn its business around, brings in new management and ends two centuries of family control, two sources told Reuters before an official announcement set for Wednesday.
- Gaza gunmen execute 'collaborators'; mortar kills Israeli boy |
- Ferguson march muted, police officer disciplined over video |
- U.S. says Russia must pull convoy from Ukraine or face more sanctions |
- U.S. hostage rescuers dropped from night sky: Syria activist
- U.S. protests intercept of Navy jet by Chinese warplane