Banque PSA Finance unit PSA Finance Nederland BV (PFN) has acquired Bank of China’s 50% stake in Dongfeng Peugeot Citroen Automobile’s (DPCA) vehicle financing unit, increasing its holding to 75%, law firm Gide Loyrette Nouel said in a statement.

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DPCA, PSA’s car venture with Dongfeng Motor Group, retains its 25% holding in the firm, Reuters noted.

Gide Loyrette Nouel said it had advised PFN on the deal as well as DPCA on the reorganisation of its financing company.

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