Peugeot maker PSA readying sale of its stake in Chinese tie-up with Changan

Peugeot maker PSA readying sale of its stake in Chinese tie-up with Changan

FILE PICTURE: The Peugeot logo is seen at a dealership of French car maker PSA Peugeot-Citroen in Selestat, eastern France, September 7, 2012. REUTERS/Vincent Kessler

Peugeot maker PSA Group (PEUP.PA) is preparing to sell its 50% stake in a joint venture with Chinese partner Chongqing Changan Automotive (000625.SZ), a spokesman for the French carmaker said on Thursday.