Peugeot's recurring operating loss fell to €177M from €560M, while revenue slipped 2.4% to €54.09B. (PR)
Peugeot's results come after it announced a €3B capital raising in which China's Dongfeng Motor Group (DNFGF) and the French state will invest €800M each and receive a 14% stake in Peugeot. The latter will also issue warrants to its existing stockholders.
The Peugeot family will lose control of the 204-year-old company for the first time, with its holding dropping to 14% also from 25.4%.