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China's Dongfeng confirms it will invest 800 million euros in Peugeot tie-up [February 19, 2014] HONG KONG (Reuters) — China's Dongfeng Motor Group Co <0489.HK> said on Wednesday it will invest 800 million euros ($1.1 billion) in French carmaker Peugeot SA <PEUP.PA> via a share sale and rights issue while France's government does the same, confirming a Reuters report. |
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Peugeot, Dongfeng and the French government
signed a non-binding outline agreement on the deal on Tuesday,
two sources with knowledge of the matter told Reuters. In a filing to the Hong Kong Stock Exchange, Dongfeng said it
had entered into a non-binding accord with Peugeot to strengthen
co-operation in technology, research and development,
manufacturing and overseas distribution. Trading in Dongfeng's shares, which was suspended on Tuesday,
will resume on Wednesday. Full statement (PDF): ($1 = 0.7272 euros) (Reporting by Donny Kwok; editing by Kenneth Maxwell) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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