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Peugeot driven to sell assets

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By Euronews
Peugeot driven to sell assets

<p>Struggling French carmaker <span class="caps">PSA</span> Peugeot Citroen is about to sell a controlling stake in <span class="caps">GEFCO</span>, its subsidiary that transports vehicles for delivery worldwide.</p> <p>The buyer is Russia’s state railway monopoly <span class="caps">RZD</span> and the price 800 million euros for 75 percent of <span class="caps">GEFCO</span>. In addition, a 100 million euro special dividend would be paid to Peugeot. </p> <p>So do investors think it is a good or a bad move? Find out by watching our <strong>Behind Markets</strong> report.</p>