PSA Peugeot Citroën says it has completed the share and rights issues for Dongfeng Motor and SOGEPA, a fully-owned French State company, for a total of EUR1.05bn (US$1.45bn), as well as formally appointing Louis Gallois as chairman.
Following the completion of the transactions PSA also elected Xu Ping, Liu Weidong, Bruno Bézard, as well as SOGEPA, represented by Florence Verzelen, to the Supervisory Board.
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In addition, the Board appointed Bruno Bézard, Thierry Peugeot and Xu Ping as vice-chairmen of the supervisory Board, Geoffroy Roux de Bézieux as senior independent supervisory Board Member and Jean-Philippe Peugeot as Board observer.
