Today 09/26/2016 - 05:35:18 PM
Peugeot SA 13.225€
CAC 40 4,407.85 PTS
In Paris today, Pierre Moscovici, France's Minister of Economy and Finance, Philippe Varin, Chairman of the PSA Peugeot Citroën Managing Board, Xu Ping, Chairman of the Board of Directors of DFG, Robert Peugeot, Chairman and Chief Executive Officer of FFP and Jean-Philippe Peugeot, Chairman and Chief Executive Officer of Etablissements Peugeot Frères, signed the final agreements concerning the share and rights issues announced last 19 February.
The ceremony was attended by Xi Jinping, President of the People's Republic of Chine and François Hollande, President of France.
Capitalising on the success of their cooperation initiated more than 20 years ago, PSA Peugeot Citroën and DFG today opened a new phase with the signature of the final agreement concerning their strategic manufacturing and sales partnership.
This strategic partnership covers three aspects:
Thanks to this partnership, PSA Peugeot Citroën and DFG estimate that they will each be able to generate around €400 million in manufacturing synergies a year in 2020.