Automobile: PSA Peugeot Citroën back in the CAC 40
The automaker PSA Peugeot Citroën takes his revenge by making his return to the CAC 40, the benchmark index of the Paris Bourse. It will replace the French specialist Gemalto digital security. These changes follow a decision of the Scientific Council of the indices and will take effect Monday, March 23, said in a statement the European exchange operator Euronext umbrella stock exchanges of Paris, Amsterdam, Lisbon and Brussels.
The French carmaker was out of the CAC 40 in September 2012, an affront to the company, which was part of since the creation of the index late 1987. “Being present in the CAC 40 is very important for our group because it ‘ is reassuring for investors “, said AFP a spokesman for the group.
Net loss divided by four in 2014
The return follows closely that of the Valeo automotive supplier, which was returned to the CAC 40 in June 2014 after 13 years of absence. “This allows us to enhance our reputation internationally benefiting from better monitoring by the financial community,” also stressed the spokesman of PSA Peugeot Citroën, adding that “it back in the CAC 40 permits accompany the internationalization of the group is an important element of the strategic plan. “
The automaker has four divided by its net loss in 2014 and said he was ahead of its plan of” reconstruction ” during the presentation of the annual results in February.
Carlos Tavares took the reins of PSA there is a year when in trouble group opened its capital to Dongfeng and the French State up to 14% each.
The action, which had drunk the cup by touching a low of just over 3.5 euros in November 2012, has gradually turned the corner and is now sailing au above 15 euros. The course closed up 2.87% to …
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