Today 09/29/2016 - 12:06:53 PM
Peugeot SA 13.640€
CAC 40 4,484.23 PTS
PSA Peugeot Citroën confirms the pursuit of negotiations regarding a strengthening of its industrial and commercial alliance with Dong Feng Motor, as well as a possible capital increase of an amount in the order of 3 billion euros.
Under the preferred scenario, the Company would implement a capital increase reserved to Dong Feng Motor followed by a Rights Offering in which Dong Feng Motor would participate.
The French State may also participate in these two capital increases on the same terms and conditions as Dong Feng Motor.
Free share warrants may also be issued to existing shareholders (prior to the capital increases in a total amount of 3 billion euros referred to above), with an exercise price equal to the price of the reserved capital increase.
PSA Peugeot Citroën is analyzing other alternative capital increase scenarios.
The Company’s objective is that these negotiations would give rise to an announcement at the time of the publication of its 2013 annual results on February 19, 2014.
The Company cannot give any assurance regarding the outcome of the project.