2024-05-26 05:57:43
There may be an intensive household of entrepreneurs behind the Peugeot automotive model.
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- In keeping with Bloomberg, the billionaire Peugeot household is below strain as a result of chapter of René Benko’s Signa Group.
- Minority shareholders are sad with the efficiency of the family-owned funding firm Peugeot Make investments – there’s a danger of a shareholder revolt on the common assembly this Friday.
- The Peugeot household controls 80 p.c of the shares and their wealth is based totally on the French automotive model.
The collapse of René Benko’s company empire shocks the French industrial the Aristocracy. In keeping with a report from Bloomberg, the billionaire Peugeot household is below strain as a result of chapter of the Signa Group. With Peugeot Make investments, it has a listed funding firm. And the losses from the funding in Signa arouse anger among the many minority shareholders.
In keeping with the report, they’re dissatisfied with the efficiency of Peugeot Make investments. Subsequently, the annual assembly this Friday might be thrilling. There’s a menace of a shareholder revolt. The loss-making funding in Benko’s property group ought to solely be one of many factors of criticism from the smaller shareholders.
Above all, they complain that Peugeot Make investments’s belongings quantity to 6 billion euros, however its market worth is just 2.8 billion euros. “The pursuits of minority and majority shareholders don’t coincide,” mentioned Colette Neuville, president of the Affiliation for the Protection of the Rights of Minority Shareholders (ADAM).
Peugeot Make investments is led by Robert Peugeot (74), and the prolonged household controls 80 per cent of the shares. Her fortune is based totally on the French automotive model. The Peugeot household owns seven p.c of the shares within the automotive group Stellantis, which was created in 2021 as a holding firm from the merger with Fiat Chrysler.
Phew
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