FFP has participated in a capital reduction of Holding Reinier, which owns almost 100% of Onet SA. This follows the recently announced arrival of EMZ Partners as a shareholder of Holding Reinier. FFP received €48 million on 29 May and has no further stake in Holding Reinier. FFP had been a shareholder in Onet’s controlling holding company since 2007. FFP’s planned withdrawal was announced in its 10 November 2015 press release.
Commenting on this transaction, Robert Peugeot said: “Since 2007, Onet SA has strengthened its traditional business areas, reduced its debt and expanded abroad. During that time, FFP has played an active role in its supervisory bodies and helped put together a new management team, which is now implementing the company’s new phase of development. By helping Elisabeth Coquet Reinier and her family to maintain and strengthen their control over one of France’s leading providers of business services, FFP has fully played its role of long-term shareholder.”