Reuters reported exclusively that China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, a move that could ease the French carmaker’s planned merger with Fiat Chrysler. Fiat Chrysler and PSA announced in October they would join forces in a 50-50 share merger to create the world’s fourth-largest automaker. Shrinking Dongfeng’s stake could help get the deal past U.S. regulators at a time of heightened trade tensions between Washington and Beijing.
Reuters exclusively reports China’s Dongfeng plans partial sale of stake in Peugeot owner
06 December 2019, 12:00 am 1 minute
Type: Reuters Best