Peugeot: The Peugeot family wants to exercise its option
(CercleFinance.com) - Jean Philippe Peugeot, who heads Peugeot Frères, said in the paper, L'Est Républicain that the exercise of the option to acquire 2.
5% of the additional capital of the new Peugeot/Fiat Chrysler group is now a "major objective".
The family will already hold 6.2% after the merger, Aurel BGC points out.
As soon as the Peugeot family is certain that the merger will go ahead, it will approve it with a view to exercising this option Aurel BGC reports after this article in L'Est Républicain. It is clear that the family is in a hurry to take action, analysts say.
As announced, John Elkann will chair the board of directors and Carlos Tavares will be the CEO. The major shareholders (Exor, Agnelli holding company, Peugeot and Bpifrance) confirm their support for the deal and will have seats on the board.
The merger is expected to be completed in the next 12 to 15 months, the press release said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5% of the additional capital of the new Peugeot/Fiat Chrysler group is now a "major objective".
The family will already hold 6.2% after the merger, Aurel BGC points out.
As soon as the Peugeot family is certain that the merger will go ahead, it will approve it with a view to exercising this option Aurel BGC reports after this article in L'Est Républicain. It is clear that the family is in a hurry to take action, analysts say.
As announced, John Elkann will chair the board of directors and Carlos Tavares will be the CEO. The major shareholders (Exor, Agnelli holding company, Peugeot and Bpifrance) confirm their support for the deal and will have seats on the board.
The merger is expected to be completed in the next 12 to 15 months, the press release said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.