Peugeot family holding company FFP said on Wednesday, Dec. 10, 2020 that it has raised its stake in Groupe PSA by 2% to 14.38 percent%.
FFP also said in a statement it also holds 19.36% of Groupe PSA’s voting rights.
The holding company said its investment was part of the forthcoming merger of Groupe PSA and Italian-American carmaker Fiat Chrysler Automobiles in a combined company to be called Stellantis.