China’s Dongfeng Motor to have reduced stake following FCA’s merger with PSA

According to two sources, China’s Dongfeng Motor will have a reduced stake of 4.5% in the new group following the merger of PSA with Fiat Chrysler.

The board of both groups have approved a binding memorandum of understanding for a $50 billion merger.

Dongfeng’s 12.2% equity stake in PSA has come down significantly; its preliminary agreement, which was announced in October, would have had amounted to around 6% stake in the combined entity with FCA.

Dongfeng did not response to requests for comments.



Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: