Monday, August 4, 2008

PSG Ownership Stake at Sale...


A variety of news services are reporting that managing director Charles Villeneuve is actively pursuing new investors, noting that Morgan Stanley, which owns one-third of PSG, is interested in eliminating its stake.
Le Parisien adds that he recently met Mehdi Dazi, managing director of Abu Dhabi, Emirates International Investment Company to discuss these options. The parties are said to be quite far apart in their valuation as per media reports at this stage.

I will update as additional information is made available.

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