SEB tracks worst day in 19 months after Peugeot Invest sells stake

Peugeot Invest SA

27/02/2024 09:59

** Shares in SEB  SEBF.PA  fall more than 5% after Peugeot
Invest  PEUG.PA  on Monday said it had sold its stake in the
France-based maker of household equipment
    ** Peugeot Invest's stake represented around 4% of SEB's
capital at end-December, or around 236 million euros ($256
million)
    ** It will no longer be represented in SEB's governance
    ** Settlement and delivery of the shares is expected on Feb.
29
    ** Shares are on track for their worst day since July 2022
and among worst performers on France's SBF 120 index  .SBF120 

($1 = 0.9214 euros)

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))