Seeking Alpha

Critical board meeting this weekend at Peugeot

  • The board at Peugeot (PEUGY) will meet this weekend to discuss a plan to take a $1B investment from Dongfeng Motor and the French government to be split evenly.
  • Under the scenario, the automaker would also sell shares to bring the total fundraising close to $3B.
  • There is a division within the controlling Peugeot family over the proposal, according to sources.
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