(CercleFinance.com) – Peugeot Invest announces the successful sale of its 2,223,674 Seb shares, representing approximately 4.02% of the capital of the small household appliances group, an operation for which settlement and delivery will take place on February 29.
The placement was carried out by building an order book with institutional investors, at a price of 106 euros per share, representing sale proceeds equivalent to approximately 236 million euros.
Following this operation, Peugeot Invest no longer holds Seb shares and will no longer be represented in its governance. Since 2004, the value of Peugeot Invest’s investment has multiplied by 4.3 times, or 10% IRR over twenty years.
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