Although PSA has a Chinese shareholder (Dongfeng owns 12.4% of the shares and controls 15.5% of the votes) and the two have a joint-venture in China, this has never become genuinely successful. In fact, losses have increased substantially and the two are now trying to pull the ripcord. It remains to be seen whether this will eventually translate into profits.
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Intending to clean up the Chinese mess
- Published:
08 Sep 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Although PSA has a Chinese shareholder (Dongfeng owns 12.4% of the shares and controls 15.5% of the votes) and the two have a joint-venture in China, this has never become genuinely successful. In fact, losses have increased substantially and the two are now trying to pull the ripcord. It remains to be seen whether this will eventually translate into profits.