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.
By : Reuters
| Updated on: 10 Dec 2020, 15:21 PM
Peugeot brand logo. Photo for representational use only.
Peugeot brand logo. Photo for representational use only.
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.

(Reporting by Matthieu Protard Editing by Chris Reese)

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on
First Published Date: 10 Dec 2020, 15:21 PM IST
TAGS: Peugeot PSA
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city