PARIS May 15 The Peugeot family intends to
retain a long-term shareholding in the PSA-Peugeot-Citroen group
after China's Dongfeng and the French state last month
took stakes, Robert Peugeot, head of the FFP family holding
company, told business daily Les Echos.
Last month's 3 billion euro ($4.1 billion) capital increase
saw the founding family's shareholding diluted to 14.1 percent,
putting it on parity with the French state and Dongfeng with
similar holdings. It also ceded control of the supervisory board
to the government representative, Louis Gallois.
"There is no change, there is still a strong family
presence," Peugeot told the newspaper. "We have a very long
history in the auto sector and we want to maintain that."
Asked whether the family could at any time pull out of the
auto-maker, he said: "The answer is a clear 'no'. Our current
investment proves that."
PSA is banking on its ties with Dongfeng to help it to fund
its future expansion and accelerate its growth in China and
other Asian markets.
($1 = 0.7294 Euros)
(Reporting by Jean-Michel Belot; writing by Mark John; Editing
by Andrew Callus)