Key Developments: Peugeot SA (PEUP.PA)

PEUP.PA on Paris Stock Exchange

18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Peugeot launches 1.9 bln euros capital increase
Tuesday, 29 Apr 2014 04:59am EDT 

Peugeot SA:Launches capital increase with preferential subscription rights for gross amount of 1,953 million euros.Principle of increase announced on Feb. 19.Subscription ratio 7 new shares for 12 existing shares.Subscription price 6.77 euros per new share.Subscription period from May 2 to May 14.288,506,351 new shares to be created.Offer open to public only in France.Following transaction, Dongfeng Motor Group, SOGEPA and FFP/EPF are each to hold 14.1 pct stake in share capital of PSA Peugeot Citroen.  Full Article

Peugeot announces signature of 3 billion euro syndicated credit facility
Tuesday, 8 Apr 2014 12:07pm EDT 

Peugeot SA:Signs 3-billion-euro syndicated credit facility comprising 2.0-billion-euro tranche expiring in five years and 1.0-billion-euro tranche expiring in three years with two optional one-year extensions.Line of credit is contingent on completion of the share and rights issues announced on Feb. 19 and will replace the 2.4-billion-euro facility arranged in July 2010 and expiring in July 2015.New facility was underwritten in amount of €2.7 billion by nine banks in February and subsequently syndicated.  Full Article

Peugeot SA partners with Orange Business Services to offer telematics solution to help fleet owners reduce vehicle total cost of ownership
Tuesday, 1 Apr 2014 09:02am EDT 

Peugeot SA:Partners with Orange Business Services to offer telematics solution to help fleet owners reduce vehicle total cost of ownership.Solution will cover entire Peugeot and Citroen line-up.Solution is based on use of autonomous telematics box (ATB) connected to vehicle’s controller area network (CAN) bus, allowing for automatic reports of data from vehicle's on-board computers.Parameters monitored include exact kilometre readings, consumption, mechanical alerts and fuel levels.Solution also offers real-time information on hours of use and geographic location.  Full Article

Peugeot SA's Valenciennes mechanical components plant organises two shifts to meet Chinese demand for automatic transmissions
Friday, 28 Mar 2014 08:01am EDT 

Peugeot SA:Says to meet demand in the Chinese market, Valenciennes mechanical components plant has scheduled additional production of 5,500 AL4 automatic transmissions from April to June.At end of March, two shifts – permanent night shift and weekend shift – will be organised on the automatic transmission production line.Daily output of the AL4 automatic transmission will increase from the current 1,300 units to 1,600 in April, 1,800 in May and nearly 1,900 in June.Organising these two shifts will enable hiring of around 50 temporary employees and introduction of three additional work sessions in April.  Full Article

PSA Peugeot Citroen, Dongfeng Motor Group and FFP sign final agreement
Wednesday, 26 Mar 2014 02:20pm EDT 

Peugeot SA:Final agreements concerning share and rights issues announced on Feb. 19 signed by French State, PSA Peugeot Citroen, Dongfeng Motor Group (DFG), FFP and Etablissements Peugeot Freres.Share and rights issues total 3 billion euros, of which 800 million euros taken up by DFG and 800 million euros by French State.Share warrants granted without consideration to existing shareholders.New balanced shareholder structure for Peugeot SA to include French State, family-owned Etablissements Peugeot Freres, FFP and DFG each owning 14 pct stake.Agreements concern as well PSA Peugeot Citroen and Dongfeng Motor Group (DFG) strategic manufacturing and sales partnership, covering three aspects.Output at DPCA, Wuhan-based joint venture created in China by DFG and PSA Peugeot Citroen, to be increased with objective of producing and selling 1.5 million vehicles per year in 2020.Joint R&D centre to be established in China, dedicated to development of products and technologies for fast-growing markets, including China.New joint venture to be created to drive sales of Peugeot, Citroen and Feng Shen (DPCA own brand)-branded vehicles in South-east Asia and possibly in other emerging markets.PSA Peugeot Citroen and DFG estimate that they will each be able to generate about 400 million euros in manufacturing synergies a year in 2020, thanks to this partnership.  Full Article

Peugeot SA to appoint Louis Gallois as chairman; to declare no FY 2013 dividend
Wednesday, 19 Mar 2014 04:50am EDT 

Peugeot SA:To appoint Louis Gallois as chairman.Says Supervisory Board approved Managing Board’s recommendation to waive dividend with respect to FY 2013.  Full Article

Peugeot SA found guilty of unequal treatment of Aulnay workers-AFP
Tuesday, 11 Mar 2014 02:10pm EDT 

Peugeot SA:Paris court rules that agreement signed between Peugeot and the CGT and CFDT trade unions in May 2013 to end strike at Aulnay-sous-Bois plant was unlawful-AFP.Agreement allowed for exceptional payment of 19,700 euros to striking members of the CGT and CFDT.Court ruled that this payment was unlawful because it allowed some workers to benefit from a measure which was refused to others.Court ruled that payment should be extended to other workers.Case was brought by SIA trade union.Peugeot to appeal against decision.  Full Article

Peugeot SA former employees challenge dismissal-AFP
Wednesday, 5 Mar 2014 07:00pm EST 

Peugeot SA:90 former employees of Peugeot's Aulnay-sous-Bois plant challenge their dismissal at industrial tribunal-AFP.  Full Article

Standard & Poor's downgrades Peugeot SA from 'BB-' to 'B+' with stable outlook-DJ
Monday, 24 Feb 2014 01:45am EST 

Peugeot SA:Standard & Poor's downgrades Peugeot SA from 'BB-' to 'B+' with stable outlook-DJ.  Full Article

Peugeot SA Moody's changes outlook on Peugeot's B1 ratings to stable; affirms ratings-Reuters
Wednesday, 19 Feb 2014 07:00pm EST 

Peugeot SA:Moody's changes outlook on Peugeot's B1 ratings to stable and affirms ratings-Reuters.  Full Article

Toyota-Peugeot Czech car plant cuts 2015 production targets

PRAGUE, Dec 17 - Czech car factory TPCA, a joint venture of Toyota Motor Corp and PSA Peugeot Citroen , cut its 2015 production outlook by 10 percent to 220,000 vehicles, a spokesman said on Wednesday.

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