UPDATE 1-Peugeot Citroen to invest 300 mln euros in Russia

Newswire

(Adds details from statement, share price, background) PARIS, Jan 29 (Reuters) - PSA Peugeot Citroen signed an agreement on Tuesday to invest 300 million euros ($441.8 million) in building an assembly plant at Kaluga in Russia, the French carmaker said in a statement. The plant will have a capacity for 150,000 cars per year from 2010. Construction will start by June 2008. PSA shares rose 1.7 percent to 51.67 euros at 0819 GMT. The DJ Stoxx European autos index was up 2.14 percent. ...

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