PSA: Peugeot family ready to increase its participation

9 years ago - Published in Finance, Fundamental Analysis

Several members of the Peugeot family say they are ready to invest in the PSA Peugeot Citroen automaker to significantly back in the capital. This was reported by the French newspaper Les Echos, citing some of the family members and the former chairman of the supervisory board, Thierry Peugeot.
"Many of us are on the same wavelength" Thierry Peugeot told French daily. The family is made up of a hundred members, and in past years it was divided on the choices regarding the automaker.

The Peugeot group had near bankruptcy in 2013 and was saved with the entry into the capital of the French State and the Chinese company Dongfeng Motor. Both have become major shareholders, with a stake of about 14% each.

Last month, Economy Minister Emmanuel Macron said that the Government does not intend to remain in the capital indefinitely but who has the concern to maintain the balance among the shareholders. Even the family Peugeot has a share of 14%, and among the three shareholders there is an agreement not to rise above 14.1% without the approval of the other.