The Peugeot family will remain influential in PSA/Peugeot-Citroen after China’s Dongfeng and the French state took stakes in the automaker, Robert Peugeot, head of the FFP family holding company, said.
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Peugeot family to vote on PSA’s future on Monday
The Peugeot family, the largest shareholder in PSA/Peugeot-Citroen, will meet on Monday to decide whether to give its blessing to two deals aimed at securing the French carmaker’s future, a source close to the matter said.The family’s consent is needed so PSA can announce, alongside 2013 results on Wednesday, a memorandum of understanding (MoU) on a recapitalization deal under which the French state and Chinese partner Dongfeng Motor will both take direct stakes in the group.
