Brief: Etablissements Peugeot Frères and FFP rebrand entities as Peugeot Invest and Maillot I

Peugeot Invest SA

22/02/2021 06:07

Feb 22 (Reuters) - FFP SA  FFPP.PA /Peugeot
Freres/Stellantis/Faurecia:
    * FRENCH GROUP FFP BECOMES PEUGEOT INVEST
    * FRENCH GROUP FFP: NEW PEUGEOT INVEST COMPANY WILL CONTINUE
TO
PURSUE ITS STRATEGY OF LONG-TERM INVESTMENT AND DIVERSIFICATION
IT HAS SUCCESSFULLY PURSUED SINCE 2003.
    * FRENCH GROUP FFP: REMAINS A  MAJOR SHAREHOLDER IN THE NEW
STELLANTIS GROUP
    * Etablissements Peugeot Frères and FFP announced today the
change
of name of their joint subsidiary Maillot I to Peugeot 1810.
    * 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 group.
    * 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.


 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))