AvtoVAZ Investor Sees Renault-Nissan Stake Gain in Stages

PSA Peugeot Citroen, Europe’s second-biggest carmaker, plans to sell shares in a 1 billion-euro ($1.32 billion) capital increase at a 42 percent discount.

Shareholders, who will have the right to buy 16 shares for every 31 they already own, will pay 8.27 euros per share, the Paris-based carmaker said in an e-mailed statement today. That compares with a closing price of 14.21 euros yesterday.