FRANCE: PSA Peugeot Citroen quiet on capital injection as board meets
PSA Peugeot Citroen is remaining tight-lipped it has secured a deal that could see up to EUR3bn (US$4.1bn) injected into the automaker following a board meeting yesterday (19 January).
Speculation in France is centering on a possible deal that would see PSA's Chinese partner, Dongfeng and the French State put EUR750m each on the table, with the manufacturer undertaking a rights issue for the remaining finance.
"Yesterday, there was a board meeting of PSA and we do not usually comment on that," a PSA spokeswoman in Paris told just-auto. "We announced on 12 December discussions with Dongfeng and other possible partners to have an industrial and commercial partnership.
"Simply, the discussions on the partnership with Dongfeng continue and other partners perhaps too. We do not comment on the board meeting."
PSA's annual results are due on 19 February.