Faurecia says carmaker PSA to remain shareholder
* PSA not exiting Faurecia, head of car parts maker says
* No magic figure for PSA stake
* May supply parts to Airbus
(Adds details)
PARIS, Nov 3 (Reuters) - French carmaker PSA Peugeot Citroen (PEUP.PA: Quote, Profile, Research) has no plans to pull out of car parts firm Faurecia (EPED.PA: Quote, Profile, Research) despite seeing its controlling stake diluted as part of a U.S. acquisition, the head of Faurecia said on Tuesday.
Peugeot's stake in the maker of dashboards, seats and exhaust systems is set to fall to 57.4 percent from 71 percent after Faurecia announced plans to buy clean emissions technology firm EMCON Technologies by issuing new stock. [nL252083]
Asked on BFM radio if this meant the start of a gradual pull-out, Faurecia Chairman and Chief Executive Yann Delabriere said, "No, I don't think so. The head of PSA has made it clear he wants to accompany Faurecia's development. PSA doesn't want to pull out (from Faurecia) as such".
He did not however rule out PSA lowering its stake below 50 percent. Continued...
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