Peugeot Invest
 | |
| Formerly | FFP |
|---|---|
| Company type | Public |
| Euronext: PEUG | |
| Industry | Automobile |
| Founded | 1929 |
| Headquarters | , France |
Key people | Robert Peugeot |
| Brands | Peugeot |
| Owner | Peugeot family (through Établissements Peugeot Frères) |
| Parent | Établissements Peugeot Frères |
| Subsidiaries |
|
Peugeot Invest S.A., formerly Société Foncière Financière et de Participation, then FFP, is a French holding and investment company founded in 1929. It is listed on the Paris stock exchange and controlled by Établissements Peugeot Frères, the parent company which represents the interests of the Peugeot family.[1]
History
[edit]Peugeot Invest is one of the historic shareholders of Stellantis (and previously of PSA Group). Drawing on its industrial experience, the company has developed an investment activity in diversified assets, consisting mainly of direct minority holdings, private equity vehicles, co-investments and real estate.
In 2003, Robert Peugeot (1950-) was appointed CEO of FFP and began an ambitious diversification strategy.
In May 2020, Bertrand Finet was appointed Managing Director of Peugeot Invest, continuing the diversification strategy led by Robert Peugeot. In March 2023, Peugeot Invest announced a change in its general management and the departure of Bertrand Finet.
In September 2020, FFP and Établissements Peugeot Frères transferred all their shares in the PSA Group to their joint subsidiary "Maillot I", which in February 2021 became "Peugeot 1810", 76.5%-owned by the FFP and 23.5%-owned by Établissements Peugeot Frères. This subsidiary then owns 7.2% of Stellantis, which was created by the merger between PSA Group and Fiat Chrysler Automobiles in January 2021.
On 22 February 2021, FFP announced its name change to "Peugeot Invest".[2][3]
At 31 December 2021, 80% of Peugeot Invest's capital was held by the Peugeot family through Établissements Peugeot Frères, with 20% corresponding to free float. The net asset value was €5.9 billion.[4]
Peugeot 1810
[edit]Stellantis
[edit]Through a joint subsidiary called "Peugeot 1810", formerly "Maillot I", Peugeot Invest and Établissements Peugeot Frères own 7.2% of Stellantis.
Prior to the merger of PSA Group with Fiat Chrysler Automobiles, its main asset (28% at 30 June 2020) was a 9% stake in the capital of PSA (the family held around 13% of the capital through various channels).[5] The remaining assets (72%) are part of a diversification strategy implemented since 2003, which consists of decorrelating the Peugeot Invest portfolio by investing in a variety of sectors and geographical areas.[6]
Forvia
[edit]When PSA merged with Fiat Chrysler Automobiles, Stellantis' stake in Faurecia (now Forvia) was reduced from 46.3% to 39% and then redistributed to its own shareholders at the beginning of 2021.[7] Peugeot 1810 held 3.14% of the capital as at 27 March 2021.[8]
Other investments
[edit]Robert Peugeot, Chairman of Peugeot Invest, said: ‘We prefer to invest in companies where we can bring our expertise in managing family groups.
- several listed French companies including Safran, Orpea (5.05%), Lisi, Tikehau Capital (2%), SPIE S.A. (5.46%) and Groupe SEB (5.01%),
- private equity funds,
- in long-term investments with JAB Holding Company or Lineage Logistics[9].
At the end of 2021, the whole package will be valued at 5.9 billion euros.
Peugeot Invest Assets
[edit]Peugeot Invest Assets, formerly FFP Invest, and a subsidiary of Peugeot Invest, has held a 19.8% stake in Immobilière Dassault since 2016, as at 31 December 2019.[10]
Actionnariat
[edit]Peugeot Invest is 80%-owned by Établissements Peugeot Frères (an unlisted holding company representing the interests of the heirs to the Peugeot family). The remaining 20% is held on a floating basis. The company's Board of Directors is made up of representatives of Établissements Peugeot Frères and independent directors.
References
[edit]- ^ "identité". Peugeot Invest (in French). Retrieved 2024-12-19.
- ^ "Peugeot Invest - FFP devient Peugeot Invest". FFP (in French). Retrieved 2021-04-11.
- ^ "FFP va devenir Peugeot Invest". Capital.fr (in French). 2021-02-22. Retrieved 2021-04-11.
- ^ "Activité très dynamique et progression de l'ANR de +32,2%". Peugeot Invest (in French). Retrieved 2022-03-28.
- ^ "FFP - Résultats du premier semestre 2020 : FFP poursuit son développement malgré la crise du Covid-19". FFP (in French). Retrieved 2020-09-30.
- ^ "FFP". FFP (in French). Retrieved 2020-09-30.
- ^ Lionel Steinmann (23 février 2021). "Faurecia se prépare à la vie sans PSA". lesechos.fr. Retrieved 25 février 2021.
{{cite web}}: Check date values in:|access-date=and|date=(help) - ^ "Faurecia — Peugeot 1810". Peugeot Invest (in French). Retrieved 2021-04-25.
- ^ "actifs". Peugeot Invest (in French). Retrieved 2022-03-28.
- ^ "Participation dans Immobilière Dassault — Peugeot Invest". peugeot-invest.com (in French). Retrieved 2021-04-28.
