Dongfeng held talks with Peugeot but no agreement reached

China’s Dongfeng Motor Group (0489:HKG) said it held talks with PSA Peugeot Citroën (UG:EPA) about an investment plan, yet no deal was reached, Reuters reported. Sources said the proposed deal would involve the Chinese carmaker and French government taking matching stakes in the Paris-based company through a $4.1 billion share issue. The final push for an agreement is due to be presented to the Peugeot board on February 18. Earlier, Dongfeng had asked for a halt on trading in its shares pending an announcement concerning unspecified “inside information”, but gave no further details.