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UPDATE 1-PSA shares spike on report Dongfeng exploring options for stake

(Adds comments, updates shares)

MILAN/PARIS, Aug 7 (Reuters) - PSA's shares briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is exploring options for its 2.2 billion-euro ($2.5 billion) stake in the French carmaker.

The report, which was cited by traders as the reason for the brief jump in PSA's shares, said a full or partial sale was being considered.

PSA "does not comment on rumours", the company said in a statement sent to Reuters.

The French carmaker's board has not received any notification or signal that Dongfeng planned to reduce its stake, a source close to the company said.

The surge in PSA's shares was short-lived.

By 1205 GMT, the stock was up just 0.6 % at 20.08 euros, lagging the benchmark Paris CAC-40 equity index which was up by around 1%.

($1 = 0.8932 euros) (Reporting by Danilo Masoni in Milan, Sudip Kar-Gupta and Laurence Frost in Paris; Editing by Josephine Mason)