French carmaker PSA Peugeot Citroen can sell shares to the American manufacturer of the 7% of General Motors co. plans to create an alliance between the two companies.
According to the source agency Bloomberg, the deal would probably include the agreement under which the manufacturer, GM will not be able to increase their share of PSA PEUGEOT CITROEN may issue additional shares.
Meanwhile, sources told REUTERS that GM will buy less producer 5% stake in PSA Peugeot Citroen. They said any bid would be "purely symbolic" and aimed only at strengthening the Alliance of the two companies. The current market value of Peugeot 4.8 billion. $ 5 per cent stake, will cost approximately 240 million. dollars.
PSA Peugeot Citroen suffered from the decline of the auto market in Europe is stronger than other auto manufacturers. The company is trying to find ways to finance overseas expansion needed to reduce its dependence on stagniruû
...
Read more »
-
