Deal Between PSA, Dongfeng Developing, Sources Say

Newswire

PARIS, Feb 12 (Reuters) - PSA Peugeot Citroen has reached an outline deal with Dongfeng Motor Group and France to raise up to 4 billion euros ($5.5 billion) in fresh capital and deepen cooperation with the Chinese carmaker, sources familiar with the matter said. The agreement in principle will be presented to the Peugeot board on Feb. 18 and likely signed as a non-binding memorandum of understanding the same day, according to three sources with direct knowledge of the situation. The ...

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