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Name | Symbol | Market | Type |
---|---|---|---|
Dongfeng Motor Group Company Ltd (PK) | USOTC:DNFGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 14.65 | 13.67 | 15.23 | 53 | 21:04:24 |
A group of minority shareholders in French car maker PSA Peugeot SA (UG.FR) wants the Peugeot family, the government and Chinese car maker Dongfeng Motor Group Co. (0489.HK), who together are planning a capital injection, to hold a public tender offer for the company's shares, newspaper Les Echos reported Tuesday, citing a letter sent to the company's chairman, Thierry Peugeot.
Since the government, the Peugeot family and Dongfeng are in a joint project for the company and would control as much as 42% of Peugeot after the deal, they should carry out a public tender offer, the Association to Defend Minority Shareholders wrote in the letter, Les Echos reported.
The capital-injection plan comes as Peugeot has been burning through cash for several months.
Newspaper Web site: http://www.lesechos.fr
Write to Inti Landauro at inti.landauro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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