Peugeot shares tumble as GM offloads stake

Newswire

PARIS, Dec 13 (Reuters) - Shares in PSA Peugeot Citroen fell 7.8 percent on Friday for a 20 percent four-day drop after General Motors sold its 7 percent stake in the struggling French carmaker in a private placement to institutional investors. Peugeot shares already lost 7.6 percent on Thursday after the group announced a writedown and confirmed it was mulling a capital increase. Asked on Friday if the state would take part in the capital increase, French ...

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