PARIS Feb 18 PSA Peugeot Citroen and
Dongfeng Motor Group have signed a memorandum of
understanding to proceed with a planned 3 billion euro ($4.1
billion) capital tie-up, a source with knowledge of the matter
said on Tuesday.
The non-binding deal was signed after Peugeot's board
approved the tie-up and a separate sales financing deal with
Banco Santander earlier in the day, said the source,
who declined to be identified ahead of a deal announcement
scheduled for Wednesday.
(Reporting by Laurence Frost and Gilles Guillaume; Editing by