Peugeot family raises stake in French carmaker PSA to 14.38%

  • The holding company has said its investment is part of the forthcoming merger of PSA and Italian-American carmaker Fiat.
Peugeot brand logo. Photo for representational use only.
Peugeot brand logo. Photo for representational use only.

Peugeot family holding company FFP said on Wednesday it has raised its stake in French carmaker PSA by 2% to 14.38 percent%.

FFP also said in a statement it also holds 19.36% of PSA's voting rights.

The holding company said its investment was part of the forthcoming merger of PSA and Italian-American carmaker Fiat Chrysler Automobiles in a combined company to be called Stellantis.

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(Reporting by Matthieu Protard Editing by Chris Reese)

First Published Date: 10 Dec 2020, 15:21 PM IST
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