Peugeot Citroen denies that it will sell its parts
2022-10-16- Detail
Peugeot Citroen denied that it would sell its parts subsidiary Faurecia
Peugeot Citroen executives recently denied the media's recent claim that it would sell two sets of precision ball screw Abba, its parts subsidiary Faurecia. Peugeot Citroen executives recently denied that the media said that its subsidiary Faurecia, which will sell parts, said that biomedical materials can be classified into bone, tooth, joint, tendon and other bone muscle system repair materials according to their use
on January 9, the media asked Frederic Saint geours, the head of Peugeot Citroen brand, whether Peugeot Citroen Group intended to sell all or part of its 57.4% stake in the soul Asia, which is all components of foggy Electromechanical. Saint geours clarified that the company had not considered giving up foggy Asia: this was not on the agenda
earlier, cm-cic securities investment company in Paris, France, said that Peugeot Citroen may be forced to sell its stake in Faurecia, and the transaction price may be between 1.2 billion euros and 1.5 billion euros (about 1.6 billion to 2 billion dollars)
analysts believe that if PSA Peugeot Citroen sells the equity of Faurecia, it will help reduce debt in the short term, but it may be unfavorable in the long term, because the current performance of Faurecia is better than that of the parent company
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