Peugeot rises on report it could be target for Fiat
By Reuters
Jun 11, 2015 06:41 PM EDT
Regions
A Peugeot signboard outside one of its retail branches. (Photo : Reuters)
Shares in French carmaker Peugeot (PEUP.PA) rose on Thursday, with traders citing a Bloomberg News report that Peugeot could be a target for Fiat (FCHA.MI) as Fiat's hopes for a deal with General Motors (GM.N) fade.
Peugeot shares were up by 3.8 percent, while Fiat was up 2.7 percent.
A spokesman for Peugeot declined to comment.
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