Mitsubishi shares jump after Peugeot link-up reports

Shares in Mitsubishi Motors Corp jumped 18% today following a report that French carmaker PSA Peugeot Citroen will buy a 30 to 50% stake in Japan's fourth largest manufacturer.

Mitsubishi shares jump after Peugeot link-up reports
Thu, 03 Dec, 2009 - 08:16

Shares in Mitsubishi Motors Corp jumped 18% today following a report that French carmaker PSA Peugeot Citroen will buy a 30 to 50% stake in Japan's fourth largest manufacturer.

The Nikkei business daily said Peugeot Citroen will spend up to 300bn yen (€2.26bn) to acquire the stake in Mitsubishi.

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