PSA Peugeot Citroën and JSC Russian Railways (RZD) sign a contract to sell a
75% interest in GEFCO
PARIS -- November 05, 2012
PSA Peugeot Citroën (Paris:UG):
Philippe Varin, Chairman of the Managing Board of PSA Peugeot Citroën, and
Vladimir Yakunin, President of JSC Russian Railways (RZD), signed a contract
on Monday, 5November 2012 concerning the sale of shares representing 75% of
the capital and voting rights of GEFCO S.A., the parent company of the GEFCO
The completion of the transaction is now exclusively subject to relevant
antitrust approvals and should take place before the end of the year.
This agreement will enable GEFCO to step up its expansion by combining its
strengths with those of JSC Russian Railways (RZD) and diversify its business
base, thereby contributing to revenue growth. The new entity will be a global
leader in diversified industrial supply chain logistics.
Under the agreement, PSA Peugeot Citroën will sell a 75% interest in GEFCO to
RZD for €800 million, after the payment by GEFCO to PSA Peugeot Citroën of
special dividend of €100 million.
PSA Peugeot Citroën
With its two world-renowned brands, Peugeot and Citroën, PSA Peugeot Citroën
sold 3.5million vehicles worldwide in 2011, of which 42% outside Europe. The
second largest carmaker in Europe, it generated revenue of €59.9 billion
during the year. PSA Peugeot Citroën has sales operations in 160 countries. In
2011, it allocated more than €2 billion to research and development, in
particular in the field of new automotive propulsion technologies. PSA Peugeot
Citroën is also involved in financing activities (Banque PSA Finance),
logistics (GEFCO) and automotive equipment (Faurecia).
For more information, please visit www.psa-peugeot-citroen.com
Communications Department - 75 avenue de la Grande Armée - 75116 Paris
Telephone (33 1) 40 66 42 00 - Fax (33 1) 45 00 54 52
PSA Peugeot Citroën
Jean-Baptiste Thomas, +33 (0) 1 40 66 47 59
Cécile Damide, +33 (0) 1 40 66 53 89
Jean-Baptiste Mounier, +33 (0) 1 40 66 54 22
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