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
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