PSA Peugeot Citroën’s board has approved an outline deal to raise cash by selling stakes to China’s Dongfeng and the French government, clearing the way for final negotiations over terms, writes Michael Stothard.
The carmaker will hammer out a deal in the next few weeks to raise about €3bn from investments by the two parties and a share sale.
Peugeot, hit hard by the worst European car market for two decades and bleeding cash, says it needs the investment to stay competitive and to reduce its reliance on moribund European markets.
您已阅读24%（534字），剩余76%（1697字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。