Spain: PSA unit to acquire 70% of MERCURIO

PSA Peugeot Citroen’s logistics company GEFCO has signed an agreement to buy the 70% stake in Gruppo MERCURIO currently owned by Italian fund Venice, controlled by Palladio Finanziaria, and RP3 fund. MERCURIO is an Italian transportation and distribution company.  Last year it generated revenues of €127m (US$181.6m). The acquisition will expand Subscribe to Automotive World … Continued

• By Webmaster
• April 6, 2011