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Peugeot’s Varin Doesn’t Exclude Global Alliance, Tribune Says

Oct. 11 (Bloomberg) -- 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.

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

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