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Peugeot SA announces details of Dongfeng Motor Group Co Ltd deal


Wednesday, 19 Feb 2014 03:44am EST 

Peugeot SA:Announces strengthening and deepening of the existing industrial and commercial partnership with Dongfeng Motor Group Co Ltd (DFG).Says to raise 3 billion euros.Announces reserved 1,048 million euro capital increase to be subscribed by DFG and the French State on an equal basis, at a subscription price of 7.5 euros per share.Announces 1,950 million euro rights issue open to all Peugeot SA shareholders (including DFG and the French State), and underwritten by a syndicate of banks for the shares not subscribed by DFG, the French State and FFP/ EPF.To create joint R&D centre with DFG.To create new joint venture to drive the sales of PSA Peugeot Citroen and DFG vehicles in the rest of Asia and possibly in other emerging markets. 

Company Quote

10.655
-0.1 -0.93%
22 Aug 2014