Auto manufacturer PSA buys stake in AramisAuto

23 Oct 2016

French group PSA, Europe’s second largest auto manufacturer, acquired a stake in the used-car classified site AramisAuto for an undisclosed amount. According to French media, PSA acquired a 30-percent stake and intends to become a majority shareholder in the future. The alliance with PSA, which manufacturers many well-established brands including Citroen and Peugeot, will enable AramisAuto to “conquer the online market for used vehicles”, Guillaume Paoli, the site’s…

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Anastasia Gnezditskaia

Anastasia Gnezditskaia is a writer / analyst covering France, Benelux and Morocco. Based in Antwerp, Belgium, she has a background working for trade publications covering markets and their regulation in Washington, D.C., where she lived for 10 years. Following this she managed international development projects in Africa at the World Bank, and worked as a journalist covering Congress, federal government agencies and financial markets, including energy futures.