China's Dongfeng Motor will have a reduced stake of around 4.5% i...
Earlier the board of PSA approved a binding memorandum of understanding for a $50 billion tie-up between the two groups.
Dongfeng has a 12.2% equity stake in PSA and under a preliminary agreement announced in October would have had about half of that in the combined entity with FCA. Dongfeng did not response to requests for comment. The company halted trading of its shares on Wednesday. According to the binding deal approved by PSA board on Tuesday, FCA’s robot unit Comau will remain within the combined group rather than being spun off as was originally planned in October, the sources said.Reporting by Gianluca Semeraro, writing by Giulio Piovaccari, Additional Reporting by Yilei Sun in Beijing; editing by Silvia Aloisi
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Carlyle, Others Buy Part of AmEx Corporate-Travel BusinessCarlyle Group and others are taking a stake in American Express Global Business Travel, in an equity recapitalization deal that values the company at $5 billion, including debt, according to a person familiar with the matter
Consulte Mais informação »
Trade Deal Banter: USTR Roasts WSJ, Bloomberg Praises Lighthizer And Navarro ResurfacesThe USTR lambasted the WSJ for its coverage of the China trade deal. After about 24 hours, Trump responded to the media's coverage in a tweet—calling the WSJ's reporting “fake news” even though Bloomberg had similar stories
Consulte Mais informação »
Exclusive: Daimler seeks majority control of its main China joint ventureDaimler is seeking to buy a majority stake in its Chinese operations, three peop...
Consulte Mais informação »
Opinion | Project Lincoln: Can patriotic Republicans save the country?Nothing less than the national creed is at stake.
Consulte Mais informação »
Inspectors warn unsafe pork could make its way to consumers under Trump rule changeAmerica's food inspectors are warning that 'unsafe' pork could make it to consumers under a change in rules for meat inspection.
Consulte Mais informação »