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Peugeot says selling 0.33 percent stake in BNP Paribas

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(Globalpost/GlobalPost)

PARIS (Reuters) - PSA Peugeot Citroen <PEUP.PA> said on Thursday that it is selling its entire 0.33 percent stake in France's largest bank BNP Paribas <BNPP.PA> "as part of its active balance sheet management policy."

The automaker's sale of its 4 million shares, worth about 178 million euros (153.96 million pounds) at current prices, will be carried out as a private placement being managed by Societe Generale, Peugeot said in a statement.

(Reporting By Christian Plumb; Editing by Blaise Robinson)

http://www.globalpost.com/dispatch/news/thomson-reuters/130314/peugeot-says-selling-033-percent-stake-bnp-paribas