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Peugeot to report multi-billion euro write down - sources

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Reuters Delhi, India
Last Updated : Feb 07 2013 | 11:00 PM IST

By Sophie Sassard and Laurence Frost

LONDON/PARIS (Reuters) - French car maker PSA Peugeot Citroen is set to announce a multi-billion euro write down on its non-performing assets, two people familiar with the situation said.

Peugeot has net tangible assets worth 14 billion euros, according to Thomson Reuters data, and is expected to write down a significant part of it on Thursday, the people said.

Peugeot declined to comment. Traders said the company had called a surprise conference call for analysts on Thursday night.

(Reporting by Sophie Sassard and Laurence Frost; Editing by Steve Slater)

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First Published: Feb 07 2013 | 10:43 PM IST

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