FFP's Board of Directors will submit a proposed change of name to Peugeot Invest to its shareholders at the company’s Annual General Meeting to be held on 31 March.
With this clear and descriptive name, the listed investment company confirms its roots in Peugeot's history, which began more than two hundred years ago, and particularly its industrial, family-run, responsible and long-term DNA. It further strengthens the legitimacy acquired by FFP from its various holdings over many years.
This name change also expresses with simplicity and dynamism the company's role as an investor and the values and expertise shared by all its employees in Paris and London. It will improve the company's readability for all its stakeholders.
The company will continue to pursue its strategy of long-term investment and diversification it has successfully pursued since 2003.
FFP and its controlling shareholder Etablissements Peugeot Frères, through their joint subsidiary Peugeot 1810, remain a major shareholder in the new Stellantis group, which they helped create through the merger between Peugeot S.A. and Fiat Chrysler Automobiles.
FFP also holds stakes in companies and private equity funds that are based on long-term growth trends and which have shown their resilience during this troubled year.
In order to maintain overall consistency in the company's communication, FFP's subsidiaries will be renamed as follows :
For Robert Peugeot, Chairman of the Board of FFP: “Nearly twenty years ago, we embarked on a new entrepreneurial adventure, developing our assets by supporting the growth of successful companies in diversified sectors. It seemed obvious and timely that our name should better reflect the link between our history and our investment activity."
Bertrand Finet, CEO of FFP, added: “This new name will better explain our activity to our stakeholders, while highlighting our values and our industrial history through the Peugeot name.”