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DNFGY Dongfeng Motor Group Company Ltd (PK)

14.65
0.00 (0.00%)
29 Jul 2024 - Closed
Delayed by 15 minutes
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

Peugeot Minority Shareholders Call For Public Tender Offer - Report

04/02/2014 8:16am

Dow Jones News


Dongfeng Motor (PK) (USOTC:DNFGY)
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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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