The Chinese car maker Dongfeng may be selling its stake in French counterpart PSA, maker of Peugeot and others. Insiders reported to the Bloomberg news agency that all options are on the table, including the sale of the full stake of 12.2 percent worth around 2.2 billion euros. Allegedly, the Chinese state-owned company has held talks with potential buyers of the PSA interest. This then concerns the sale of all shares, as well as the sale of part of the documents. Dongfeng will make a possible sale of its interest in consultation with PSA, in order to maintain a good working relationship. Dongfong has a Chinese joint venture with PSA. Dongfeng may decide to hold part of the shares to take advantage of possible consolidation in the automotive industry. Dongfeng is, with the French state and the Peugeot family, one of the largest shareholders of PSA.
