Peugeot Citroen's Varin Doesn't Exclude Global Alliance, La Tribune Says

PSA Peugeot Citroen Chief Executive Officer Philippe Varin is seeking to improve the company’s financial ratios and increase its market value, and doesn’t exclude the possibility of a global alliance once this has been achieved, French daily La Tribune reported.

The newspaper didn’t directly cite Varin. The company confirmed its target for full-year operating profit of 1.5 billion euros, La Tribune said.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

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