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Faurecia SE (EPED.PA)

EPED.PA on Paris Stock Exchange

40.97EUR
2:38pm IST
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€-0.36 (-0.87%)
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€41.33
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Thu, Oct 29 2020

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Peugeot maker PSA whittles down Faurecia stake as part of Fiat deal

PARIS Peugeot maker PSA Group on Thursday said it had raised 308 million euros ($364 million) from selling about 7% of car parts firm Faurecia to investors, with proceeds due to be paid out to shareholders after it merges with Fiat Chrysler.

UPDATE 2 -Fiat Chrysler shares boosted by PSA merger deal revision

* All investors in merged group to get Faurecia shares (Adds details, comments)

FCA, PSA revise merger terms due to COVID-19 - source

PARIS, Sept 14 Carmakers PSA and Fiat Chrysler (FCA) have revised the terms of their planned merger, a source said on Monday, adding PSA would hold onto parts maker Faurecia and FCA would cut the cash portion of a 5.5 billion euro special dividend.

UPDATE 1-Car parts maker Faurecia targets H2 profit, cash generation

PARIS, July 27 French car parts group Faurecia said on Monday it expects to return to profit and cash generation in the second half of the year helped by cost controls after reporting a first-half operating loss due to the COVID-19 crisis.

Car parts group Faurecia targets H2 profit, cash generation bounce

PARIS, July 27 French car parts group Faurecia said on Monday it expects to return to profit and cash generation in the second half of the year on the back of cost controls, after reporting an operating loss in the first half due to the COVID-19 crisis.

UPDATE 1-Faurecia expects sharp drop in Q2 sales, with April the low point

PARIS, June 26 Faurecia expects a 65% to 70% fall in second-quarter sales in Europe and North America due to the coronavirus crisis, Chief Financial Officer Michel Favre told the French car parts maker's annual shareholders meeting on Friday.

Faurecia sees sharp drop in Q2 sales in Europe and North America-CFO

PARIS, June 26 French car parts maker Faurecia expects its sales to fall 65% to 70% in the second quarter in Europe and North America, due to the coronavirus crisis, Chief Financial Officer Michel Favre told its annual shareholders meeting on Friday.

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