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Wednesday, 26 December 2018

Court delays Peugeot Citroen CDCM case hearing to 3 February

COURT WATCH- Court delays hearing in EUR 150 lawsuit against Peugeot Citroen to 3 February: A Cairo court has delayed its hearing in a lawsuit by a subsidiary of Arabian Investments, Development and Financial Investment Holding Co. (AIND) against Peugeot Citroen. CDCM brought the case after the French automaker ended a four-decade-old partnership, giving the local rights to the brands to a venture between Mansour Group and a Dubai-based company named Scope. The court had postponed the scheduled hearing from November to 23 December. The plaintiffs are seeking EUR 150 mn in damages.

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