French Government Considering Selling PSA Group Stake

Reports out of Europe indicate that the French government may be considering offloading some or all of its 14 percent stake in Groupe PSA, the parent company of Peugeot, Citroen, and DS Automobiles.

The possible sale, reported by French financial paper Les Echos, comes as the French government looks to rearrange finances in a bid to provide financial support to embattled government-owned power generation companies.

The PSA stake is considered a good candidate for sale, owing to Groupe PSA’s financial turnaround, going from reporting an €8 billion loss in 2012-2014, to a €1.2 billion profit at the end of 2015.

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