An update from Peugeot Invest SA ( (FR:PEUG) ) is now available.
Peugeot Invest has successfully sold half of its stake in SPIE, amounting to 4,250,000 shares, which represents approximately 2.5% of SPIE’s capital, for €164.9 million. This strategic move aligns with Peugeot Invest’s asset rotation strategy, allowing them to crystallize part of their capital gain while maintaining confidence in SPIE’s future prospects. As a result of the sale, Peugeot Invest will no longer have a seat on SPIE’s Board of Directors but remains committed to holding its remaining shares for at least 180 days, indicating continued belief in SPIE’s management and favorable market environment.
More about Peugeot Invest SA
Peugeot Invest is a listed investment company on Euronext, primarily owned by Etablissements Peugeot Frères. It is a major shareholder in Stellantis and Forvia through its subsidiary Peugeot 1810, focusing on minority and long-term investments. The company holds stakes in both listed and unlisted companies, co-investments, and investment funds.
YTD Price Performance: 3.27%
Average Trading Volume: 121
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.84B
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