FFP (EPA:FFP) - Peugeot 1810 : Etablissements Peugeot Frères and FFP rename the structure carrying their stakes in Stellantis and Faurecia
Transparency directive : regulatory news
Click here to download pdf version
Neuilly-sur-Seine, 22 February 2021
Etablissements Peugeot Frères and FFP rename the structure carrying their
stakes in Stellantis and Faurecia
Etablissements Peugeot Frères and FFP announced today the change of name of
their joint subsidiary Maillot I to Peugeot 1810.
This subsidiary, to which Etablissements Peugeot Frères and FFP contributed
all their Peugeot S.A. and Faurecia shares in September 2020, owns 7.2% of
Stellantis, which was created from the merger between the PSA Group and Fiat
Chrysler Automobiles in January 2021.
Maillot I will be renamed Peugeot 1810, thereby highlighting the long
industrial history of the Peugeot family at the origin of the two groups in
which the company remains a shareholder. This automotive investment and
expertise hub thus highlights its historical legitimacy, its industrial
heritage and its knowledge of the challenges facing the automotive sector
Owned 23.5% by Établissements Peugeot Frères and 76.5% by FFP, this entity is
now the second largest shareholder of the world's fourth largest automotive
Stellantis' shareholders will be asked to approve the distribution of its
Faurecia shares on 8 March 2021, which would give Peugeot 1810 a total 3.14%
stake in the automotive equipment supplier.
Jean-Philippe Peugeot, Chairman and Chief Executive Officer of Etablissements
Peugeot Frères, said: "This name visibly establishes the participation of our
family group in the governance of Stellantis and Faurecia. At the same time, we
bring coherence to the Peugeot family group by harmonising the names and brand
architecture of the group as a whole."
Robert Peugeot, Chairman of FFP, added: "We are delighted to continue our
involvement alongside Stellantis and Faurecia through Peugeot 1810. With its
dedicated governance, we are giving ourselves all the means to support the two
companies as we have done since their creation."
About Etablissements Peugeot Frères:
Etablissements Peugeot Frères is the leading holding company of the Peugeot
family Group and continues to develop Peugeot's history via three business
lines: automotive, investment and brand. With a presence alongside Stellantis
and Faurecia, Etablissements Peugeot Frères also controls FFP, a listed
company and long-term minority investor, as well as Peugeot Frères Industrie,
which continues to develop the Peugeot brand beyond the automotive sector. Its
structured governance federates the family members and drives an
entrepreneurial, responsible and long-term approach in these different
FFP is an investment company listed on Euronext, majority-owned by
Etablissements Peugeot Frères. FFP is one of the leading shareholders of
Stellantis and pursues a minority-shareholding and long-term investment policy.
FFP holds participations in listed companies (SEB, Safran, ORPEA, LISI, SPIE),
non-listed companies (Tikehau Capital Advisors, Acteon, Total-Eren),
co-investments (IHS, JAB Holding), private equity funds and real estate (SIGNA
Prime Selection, Immobilière Dassault).
Sébastien Coquard +33 1 84 13 87 20
Vincent Deshayes +33 1 58 43 94 09