VIDEO: Peugeot Shares Tumble As GM Offloads Stake

Shares in French carmaker PSA Peugeot Citroen ( PEUP.PA ) fell a further 11.6 percent on Friday, making for a 23 percent fall in just four days, after U.S. alliance partner General Motors ( GM.N ) sold its stake ahead of a possible new share issue by the struggling French carmaker. The 7 percent stake, totaling 24.84 million shares, was sold at 10 euros apiece, traders said, at the bottom of a range of 10-10.25 euros and at a 5.9 percent discount to Thursday’s closing price.

Thanks for checking us out. Please take a look at the rest of our videos and articles.

To stay in the loop, bookmark our homepage.

Castle wines Reader

by Amazon Auto Links