Clifford Chance, Orrick Herrington & Sutcliffe and Bredin Prat have taken lead roles on the latest deal between PSA Peugeot Citroen Group and its PRC commercial partner, Chinese motor company Dongfeng. The transaction, dubbed a rescue deal for the carmaker, will see Dongfeng and the French government each invest €800m into the company alongside a further €1.4bn from shareholders, totalling €3bn in capital increases.
February 21, 2014 at 03:14 AM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance, Orrick Herrington & Sutcliffe and Bredin Prat have taken lead roles on the latest deal between PSA Peugeot Citroen Group and its PRC commercial partner, Chinese motor company Dongfeng.
The transaction, dubbed a rescue deal for the carmaker, will see Dongfeng and the French government each invest €800m into the company alongside a further €1.4bn from shareholders, totalling €3bn in capital increases.
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