PARIS, April 29 PSA Peugeot Citroen
launched its 1.95 billion euro ($2.70 billion) rights issue on
Tuesday that will see Dongfeng Motor and the French
government take 14.1 percent stakes in the carmaker.
Peugeot set a subscription price of 6.77 euros per new
share, with investors receiving seven new shares for 12 held,
according to a statement published on its website.
The subscription period will run from May 2 until May 14,
with the transaction guaranteed by a banking syndicate, Peugeot
Shares in the carmaker were more than 4 percent higher in
early trading at 11.985 euros.
($1 = 0.7223 Euros)
(Reporting by James Regan; Editing by Andrew Callus)