Peugeot family raises stake in Groupe PSA to 14.38%

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.

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