EU says Peugeot stake sale to French state complies with rules
BRUSSELS (Reuters) - European Union state aid chief Joaquin Almunia has told France that car maker PSA Peugeot Citroen's (PEUP.PA) plan to sell a stake to French authorities complies with EU rules, a European Commission spokesman said on Thursday.
Asked if Almunia had sent a letter to French Finance Minister Pierre Moscovici saying that the deal at first glance complies with EU laws, Almunia's spokesman Antoine Colombani said: "Yes."
Peugeot said on Wednesday that Dongfeng Motor Group (0489.HK) and the French state will each pay 800 million euros for 14 percent of the carmaker to match the founding Peugeot family's reduced holding.
- French warplanes search Mali desert for crashed Air Algerie plane |
- At least 15 killed by shelling of Gaza school; toll exceeds 760 |
- Exclusive: Ukraine rebel commander acknowledges fighters had BUK missile
- U.S. House panel votes to authorize lawsuit against Obama
- Lawyers call for outside probe of 'bungled' Arizona execution |