PSA Peugeot intends to take over the shares to be French governments to start negotiations

Posted on 6/1/2016 9:41:19 AM

Sources pointed out that the French Peugeot company intends to start informal negotiations with the French government, which held discussions Peugeot Citroen Group (PSA) Future shares.
Last week, French Economy Minister Emmanuel Macron accept the French "Les Echos" (Les Echos) interview that the French government is considering the sale of part of its holdings or all of the PSA Group 14% stake.
According to the source said, "If you want the French government to sell stake in Peugeot may be interested in taking over." However, the source did not specify the PSA Group, the third largest shareholder Dongfeng Motor Group whether it will participate in the negotiations. Peugeot and Dongfeng Motor Group were held by the same 14% stake in PSA Group.
The anonymous source told "Reuters" interview, also said that the shareholders want to know more information, "Tuesday will start informal conversation, but will not necessarily make a decision." Message from the French economic sectors this said, often bilateral negotiations between the shareholders, but there is no formal meeting request.
PSA Group, which declined to comment, the French national equity firms have not immediately available for comment.
It is reported that, PSA Group in 1810 by the Peugeot car involved in the establishment. 2014, PSA Group's deep economic crisis, that time Peugeot is holding 25.4% of the shares and 38% of the voting rights of the group. However, Peugeot in French government bailout of PSA and Dongfeng Motor Group signed with the latter not see the confrontation, and therefore, gave up on the shares held by PSA.
When the PSA Group, on the verge of bankruptcy, for which the French government invested 800 million euros (US $ 891 million) in two years, the portion of equity market capitalization has nearly doubled.
Previously, the nuclear energy group Areva (Areva) in crisis, to provide funding to the group, the French national agency and therefore its equity portfolio re-examined.

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