Peugeot Invest SA ( (FR:PEUG) ) has provided an announcement.
Peugeot Invest has announced the sale of half its stake in SPIE, amounting to 4,250,000 shares or about 2.5% of SPIE’s share capital. This move aligns with Peugeot Invest’s active portfolio management strategy and reflects its continued support for SPIE’s growth amidst favorable market trends such as energy transition and digital transformation. Despite the sale, Peugeot Invest will retain a 2.5% stake and 4.6% of voting rights in SPIE, though it will no longer have representation on SPIE’s Board of Directors. The transaction is being conducted through an accelerated bookbuilding process targeting qualified investors.
More about Peugeot Invest SA
Peugeot Invest is an investment company listed on Euronext and majority-owned by Établissements Peugeot Frères. It holds significant shares in companies like Stellantis and Forvia, and follows a minority and long-term investment strategy. The company has investments in both listed and unlisted companies, as well as co-investments and investment funds.
Average Trading Volume: 139
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.84B
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