Vladimír Urbánek (Kurzy.cz)
World markets  |  November 08, 2012 16:38:39

PSA Peugeot Citroen shares for a minimum 27 years - a company struggling with liquidity

Shares of the second-largest French carmaker PSA Peugeot Citroen today fell to its 27-year low after Citigroup analysts lowered their recommendation for this title mainly citing problems with the car ensuring adequate liquidity. Shares of automakers fell to 4.5 euros per share. Below the title was most recently in 1985, when after the conversion was at the level of € 2.21 per share.

The automaker said in October that net debt at the end of this year reached level 3 mld.EUR and crosses and corporate plan, which allowed for a level of 2.5 mld.EUR. Already in July, the automaker said that the month runs around 200 million euros. The French government has already endorsed in late October automaker when it underwrote the new seven billion dollar bond issue in exchange for greater influence in the automobile.

Read also The European automotive industry would need treatment.
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Akcie PSA Peugeot Citroenu na 27letém minimu - firma bojuje s likviditou

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