Following negotiations with Michelin about control of Citroën, Peugeot took over the direction and management of Citroën


Monday 24th June 1974

Following negotiations with Michelin about control of Citroën, Peugeot took over the direction and management of Citroën. In April 1976, Peugeot become the principal shareholder in Citroën, taking 90% of Michelin’s shares in that company. In an exchange of shares, Michelin took a 10% share of Peugeot.


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