Peugeot family raises stake in French carmaker PSA to 14.38%
1 min read . Updated: 10 Dec 2020, 03:21 PM IST- The holding company has said its investment is part of the forthcoming merger of PSA and Italian-American carmaker Fiat.
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)
This story has been published from a wire agency feed without modifications to the text.