please contact sales@tanchin.hk for any inquiry
According to the source, Dongfeng Motor of China may reduce its stake in PSA (peup. PA), after having hired banks to study possible plans. The move could ease resistance to plans to merge PSA with fcha. MI.
Dongfeng Group (0489. HK) holds 12.2% of the PSA, and will hold about 6.1% of the entity after the merger of FCA and PSA. The two companies announced a merger in October to build the world's fourth largest auto maker.
At a time of tense trade relations between China and the United States, Dongfeng Group's reduction may help the deal get approval from US regulators. Since the announcement of the merger between PSA and Fiat Chrysler, the Sino-U.S. trade war has raised questions about Dongfeng's next move.
Sources said Dongfeng solicited suggestions from banks a few weeks ago to study the shareholding plan of PSA. One of the sources added that Dongfeng's current goal is to submit a share sale plan to the board of directors in the next few days. Dongfeng is PSA's long-term partner.
PSA did not comment and Dongfeng did not immediately respond to requests for comment.
Three people familiar with the matter said Dongfeng plans to reduce its stake in the combined Fiat Chrysler and PSA entity to a level acceptable to the Cfius.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

2222 KM + H 322 1222 K + H 222 2320 KM + H 2320 1320 K + H 320 2220 KM + H 320 1220 K + H 220 1319 K + H 319 2219 KM + H 319 1219 K + H 219 2318 KM + H 2318 1318 K + H 318 2218 K + H 318 1218 K + H 218 2317 KM + H 2317 1317 K + H 317 2217 K + H 317 1217 K + H 217 2316 KM + H 2316 2316 K + H 2316 1316 K + H 316