GM completes sale of PSA equity stake, strategic alliance continues

December 19, 2013, Detroit: General Motors Co has announced that it has sold its entire 7 percent stake of 24,839,429 shares in PSA Peugeot Citroen (PSA) through a private placement to institutional investors.

19 Dec 2013 | 2288 Views | By Autocar Pro News Desk

December 19, 2013, Detroit: General Motors Co has announced that it has sold its entire 7 percent stake of 24,839,429 shares in PSA Peugeot Citroen (PSA) through a private placement to institutional investors. GM acquired the stake in PSA when it entered into its strategic alliance in March 2012.

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