Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Peugeot Investors Fear State May Block Restructuring, Echos Says

July 17 (Bloomberg) -- PSA Peugeot Citroen Chief Financial Officer Jean-Baptiste de Chatillon said among the reasons for the drop in the company’s share price is investors’ fear that the French government may block the carmaker’s restructuring plan, Les Echos reported, citing an interview.

“We are going to respond to all their questions at the time of the publication of our six-month results on July 25,” de Chatillon told the newspaper, adding that details on the restructuring plan would be announced at that time.

The CFO said the share price has also been affected by Moody’s Investors Service decision to put the company’s credit rating on review, and the possibility it could be downgraded, Les Echos said an e-mailed preview of an article to be published in tomorrow’s edition.

De Chatillon said the company requires a treasury of 2 billion euros to carry out its day-to-day operations, the newspaper said.

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.