(CercleFinance.com) – Taking note of the opening of insolvency procedures with regard to several entities of the Signa group, Peugeot Invest indicates that its exposure to this group represents 2.9% of the revalued gross assets, which amounted to 6.4 billion euros at the end of June.
The company recalls having revised downwards the valuation of the majority of its real estate assets as of June 30. On that date, its stake in Signa Prime Selection was valued at 132 million euros and that in Signa Development Selection, at 51 million.
‘Peugeot Invest will take into account the most recent developments to finalize the valuation of its holdings in the Signa group as of December 31, 2023,’ declares the holding company, notably among the major shareholders of Stellantis and Forvia.
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