--FILE--People visit the stand of Dongfeng Peugeot during an automobile exhibition in Shanghai, China, 30 September 2013. The board of loss-making
Image details
Contributor:
Imaginechina Limited / Alamy Stock PhotoImage ID:
W8Y1G1File size:
35.6 MB (1.1 MB Compressed download)Releases:
Model - no | Property - noDo I need a release?Dimensions:
4320 x 2880 px | 36.6 x 24.4 cm | 14.4 x 9.6 inches | 300dpiDate taken:
30 September 2013Photographer:
ImaginechinaMore information:
--FILE--People visit the stand of Dongfeng Peugeot during an automobile exhibition in Shanghai, China, 30 September 2013. The board of loss-making car maker PSA Peugeot Citroen is set to meet Sunday (19 January 2014) to discuss a possible investment from the French government and Chinas Dongfeng Motor Co., as well as from the Peugeot family, people with direct knowledge of the matter said Friday. Peugeot, Europes second-largest car maker by unit has said it was studying ways to raise cash and repair badly injured finances after the regions most prolonged slowdown in many decades. The main option on the table calls for Peugeot to issue ?3 billion ($4.06 billion) in new shares, reserving roughly a third for Dongfeng and the French state, people familiar with the matter said. The Peugeot family, which controls the group through a 25.4% stake, would also buy some of the newly-issued shares and avoid being diluted too much by the capital increase, these people said. Upon completion of the proposed transaction, Dongfeng, the French state and the Peugeot family would each hold roughly equal stakes in the auto company, they said. The people familiar with the matter warned that Dongfeng, the French government and the Peugeot family have yet to agree on the scope of the overall capital increase, the size of the Dongfeng and French government investments, and the amount of the Peugeot family share purchase.