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Struggling French carmaker PSA Peugeot Citroen is about to sell a controlling stake in GEFCO, its subsidiary that transports vehicles for delivery worldwide.
The buyer is Russia’s state railway monopoly RZD and the price 800 million euros for 75 percent of GEFCO. In addition, a 100 million euro special dividend would be paid to Peugeot.
So do investors think it is a good or a bad move? Find out by watching our Behind Markets report.
More about: France, Peugeot, Rail transport, Road transport, RussiaCopyright © 2013 euronews
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