Date
16 July 2018

Peugeot weighs capital injection from Dongfeng, WSJ says

The board of PSA Peugeot Citroën will meet later this month to consider a potential capital injection from Chinese partner Dongfeng Motor Corp., as the ailing French carmaker looks for financing to ensure its survival in the second half of this decade, the Wall Street Journal reported Sunday, citing unnamed people familiar with the matter. The board meeting, set for Oct. 22, comes after months of talks with Dongfeng about a potential expansion of their existing partnership outside China, including an investment in Peugeot, the sources said. The French government also could participate in a capital increase alongside Dongfeng, although Peugeot has not formally asked it to do so, the report said.

– Contact HKEJ [email protected]

CG

EJI Weekly Newsletter

Please click here to unsubscribe