Acknowledging the opening of insolvency proceedings against several Signa group entities, Peugeot Invest reports that its exposure to this group represents 2.9% of revalued gross assets, which stood at 6.4 billion euros at the end of June.

The company recalls that it had revised downwards the valuation of the majority of its real estate assets at June 30. At that date, its stake in Signa Prime Selection was valued at 132 million euros, and its stake in Signa Development Selection at 51 million.

Peugeot Invest will take the most recent developments into account when determining the valuation of its holdings in the Signa group as at December 31, 2023", says the holding company, which is also a major shareholder in Stellantis and Forvia.

Copyright (c) 2023 All rights reserved.