January 9, 2013 / 9:06 AM / 5 years ago

Peugeot says not planning Faurecia stake sale

PARIS (Reuters) - PSA Peugeot Citroen (PEUP.PA) is not considering parting with its 57 percent stake in car parts maker Faurecia (EPED.PA), PSA brands chief Frederic Saint-Geours said on Wednesday.

“This is not on the agenda,” he said when asked about reports that the carmaker was preparing a full or partial sale of the stake.

Shares in Peugeot rose as much as 13 percent on Monday after Paris-based brokerage CM-CIC said the carmaker may be forced to dispose of its Faurecia stake to raise between 1.2 billion and 1.5 billion euros (995.6 -1 billion pounds) .

Reporting by Laurence Frost; Editing by James Regan

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