Critical board meeting this weekend at Peugeot

|About: Peugeot S.A. ADR (PEUGY)|By:, SA News Editor

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.