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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. 

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0.56 +3.43%
11:38am EST