Peugeot household below strain as Signa Group chapter rattles buyers: Bloomberg report

2024-05-26 05:57:43

An intensive household of entrepreneurs is behind the Peugeot automotive model.

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• Based on Bloomberg, the billionaire Peugeot household is coming below strain because of the chapter of René Benko’s Signa Group.
• Minority shareholders are sad with the efficiency of household car funding Peugeot Make investments – there’s a danger of a shareholder revolt at this Friday’s common assembly.
• The Peugeot household controls 80 % of the shares and its wealth is principally primarily based on the French automotive model.

The autumn of René Benko’s company empire shook France’s industrial aristocracy. Based on a report from Bloomberg, the billionaire Peugeot household is coming below strain because of the chapter of the Signa Group. With Peugeot Make investments, he has a listed funding car. And the losses from the funding in Signa are inflicting anger among the many minority shareholders.

Based on the report, they’re dissatisfied with the efficiency of Peugeot Make investments. Due to this fact, the annual common assembly this Friday might be thrilling. There’s a risk of a shareholder revolt. The loss-making funding within the Benko actual property group is claimed to be simply one of many factors of criticism from the small shareholders.

Above all, they complain that Peugeot Make investments’s whole property are six billion euros, however its market capitalization is barely 2.8 billion euros. “The pursuits of minority shareholders aren’t the identical as these of the bulk,” stated Colette Neuville, president of the Affiliation for the Safety of the Rights of Minority Shareholders (ADAM).

Peugeot Make investments is led by Robert Peugeot (74), and the prolonged household controls 80 % of the shares. Its fortune is principally primarily based on the French automotive model. The Peugeot household owns seven % of the shares in automotive firm Stellantis, which was created in 2021 as a holding firm from the merger with Fiat Chrysler.

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