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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Peugeot SA    UG   FR0000121501

PEUGEOT SA

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Peugeot to Sell up to 7% of Faurecia Ahead of Fiat Chrysler Deal

10/28/2020 | 03:16am EST

By Kim Richters

Peugeot SA has agreed to sell up to around 7% of its stake in automotive supplier Faurecia SA ahead of Peugeot's expected merger with Fiat Chrysler Automobiles NV, the two car makers said on Wednesday.

The boards of Peugeot and Fiat Chrysler agreed that Peugeot could take further measures to ensure that their planned holding company, Stellantis, wouldn't take control of Faurecia, but that this wouldn't include further share sales before the merger closes. France's Peugeot currently owns 46% of Faurecia.

Peugeot and its Italian-American peer expect the agreement to help them secure regulatory approvals for the merger, they said.

Proceeds from the sale of shares will be distributed to Stellantis shareholders along with proceeds from the planned spin-off of the rest of the stake in Faurecia after the deal's completion.

Fiat and Peugeot said their merger was making progress, with the two companies signing cross-border merger terms on Oct. 27. They expect it to close by the end of the first quarter next year.

Write to Kim Richters at kim.richters@wsj.com

(END) Dow Jones Newswires

10-28-20 0415ET

Stocks mentioned in the article
ChangeLast1st jan.
FAURECIA SE -3.53% 43.67 Real-time Quote.4.20%
FIAT CHRYSLER AUTOMOBILES N.V. -2.98% 13.24 Delayed Quote.-9.69%
PEUGEOT SA -4.21% 21.85 End-of-day quote.-2.32%
STELLANTIS N.V. -3.18% 13.2 Real-time Quote.0.00%
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Financials
Sales 2020 107 B 131 B 131 B
Net income 2020 2 128 M 2 589 M 2 589 M
Net cash 2020 6 118 M 7 444 M 7 444 M
P/E ratio 2020 15,6x
Yield 2020 1,04%
Capitalization 41 308 M 50 284 M 50 268 M
EV / Sales 2020 0,33x
EV / Sales 2021 0,24x
Nbr of Employees 170 000
Free-Float -
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Peugeot SA Technical Analysis Chart | UG | FR0000121501 | MarketScreener
Technical analysis trends PEUGEOT SA
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 17,55 €
Last Close Price 13,24 €
Spread / Highest target 58,6%
Spread / Average Target 32,6%
Spread / Lowest Target 20,8%
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