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PSA Peugeot Citroën successful capital increase on Euronext Paris
13/06/2014
Jean-Baptiste de Chatillon, CFO of PSA Peugeot Citroën rings the bell marking the opening of trading on markets in Paris.
Euronext today congratulated PSA Peugeot Citroën, Europe second largest automaker, on its successful capital increase. To celebrate, Jean-Baptiste de Chatillon, CFO of PSA Peugeot Citroën rings the bell marking the opening of trading on markets in Paris. A first capital increase was reserved for the French state and Dongfeng Group for € 1 billion, then a second capital increase with preferential subscription rights for 2 billion euros, representing a subscription ratio of 145%. The funds raised will give us the means to put our business on track in Latin America and Russia to reduce our debt, invest in our European plants so that they are competitive and invest in technology, particularly in technologies to reduce CO2 emissions.