China's Dongfeng is poised to divest stake in Peugeot maker

China's Dongfeng is poised to divest stake in Peugeot maker

A woman stands next to Dongfeng motor group's SUV vehicle SX6 during the Auto China 2016 show in Beijing, China April 26, 2016. Photo: Reuters

PSA Group’s Chinese shareholder is poised to sell some of its 12% stake in the Peugeot manufacturer as part of the carmaker’s planned merger with Fiat Chrysler Automobiles NV, according to people familiar with the matter.

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