Groupe PSA repurchases DFG shares
Groupe PSA has repurchased 10 million of its own shares from Dongfeng Motor Group (DFG).
The repurchase represents another step towards the proposed combination of Peugeot and Fiat Chrysler Automobiles, and the subsequent creation of Stallantis, which would be the fourth largest OEM by volume in the industry.
The repurchase, for a total price of €163,850,000, is subject to final approval by the Board of DFG and Groupe PSA.
DFG has also agreed to sell the additional 20.7 million shares covered by the existing Share Repurchase Agreement to one or several third parties by the end of the year.
