Peugeot does not plan share buy back

Newswire

PARIS, July 26 (Reuters) - PSA Peugeot Citroen does not plan to buy back shares until its net financial position has returned to a satisfactory level, chief executive Jean-Martin Folz told an analysts' conference on Wednesday. PSA has shareholder meeting approval for such a programme. "We will execute our share buy back plan based on market opportunities on the one hand and our net financial position on the other. Our net financial situation at the moment is not satisfactory and we will ...

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