Peugeot: completes sale of a stake in Faureciad

(CercleFinance.com) - Peugeot has announced the successful sale of 9.
663,000 Faurecia shares, representing approximately 7% of the automotive equipment manufacturer's capital, as part of a private placement through an accelerated bookbuilding process reserved for institutional investors.

Settlement and delivery is expected to take place on 2 November. Proceeds from the sale amount to approximately 308 million euros. Upon completion of the placement, the carmaker will still hold about 39% of Faurecia's share capital.

The proceeds from the sale will be distributed to Stellantis shareholders, together with a distribution in kind of the remaining 39% stake in Faurecia, as announced on 14 September, shortly after the completion of the merger between Peugeot and Fiat Chrysler.


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