Peugeot buys used car retailer in diversification push

Peugeot buys used car retailer in diversification push
 

PSA Group, the maker of Peugeot, Citroen and DS cars, said on Monday it was buying a stake in a French online second-hand car retailer as it expands into new areas of business.
The carmaker is in exclusive talks with multi-brand car retailer Aramisauto to purchase a 30 percent holding, before injecting more cash through a capital increase to secure a majority stake, PSA said. Financial terms were not disclosed.
The deal will unlock "strong growth potential in a second-hand market that is twice the size of the new car market, but where we currently have little presence," said Marc... read more

 
17 October 2016 in Business, Views: 40
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31