Dongfeng clos­ing in on PSA Peu­geot Citroen stake

China Daily (Canada) - - BUSINESS -

China’s leading car­maker Dongfeng is close to buy­ing a 14-per­cent stake of France’s PSA Peu­geot Citroen af­ter months of talks, Chi­nese me­dia re­ported on Thurs­day. The Na­tional Busi­ness Daily quoted a source close to the trans­ac­tion as say­ing ne­go­ti­a­tions were about to be com­pleted and de­tails would be un­veiled soon. Dongfeng would be­come one of the three largest share­hold­ers of PSA if the deal goes through.

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