* Shares in Shoprite, Steinhoff rebound (Adds comment from Christo Wiese)
* Pearson hit by broker target price cut (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
LONDON, Feb 20 Britain's business minister said on Monday that executives from Peugeot manufacturer PSA , which is in talks to take over General Motors' European brands, told him last week that PSA took pride in not shutting plants.
* PSA Group in talks to buy GM's Opel/Vauxhall brands (Adds UK business minister comments)
LJUBLJANA, Feb 20 TCH Cogeme, part of Italian investment firm Palladio Holding Group, has dropped a plan to take over Slovenia's car parts maker Cimos as agreed in October, Slovenian investment company Alta, which is representing TCH Cogeme, said on Monday.
MUMBAI India's top software services exporter Tata Consultancy Services(TCS) will buy back shares worth up to 160 billion rupees ($2.4 billion), it said on Monday, adding to pressure on similarly cash-rich rival Infosys to follow suit.