France’s largest carmaker PSA Peugeot Citroën has announced that China's Dongfeng Motor Group and the French state will each pay €800 million ($1.09 billion) for 14 percent of the carmaker, matching Peugeot family’s reduced holding. Much needed cash will also result from a €1.4 billion ($1.92 billion) rights issue in which shareholders and the market can take part. Read more »
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