Peugeot Invest launches the sale of its stake in Groupe SEB

Neuilly-sur-Seine, 26 February 2024

Peugeot Invest launches the sale of its stake in Groupe SEB 

Following an initial investment in 2004 and the sale of 1.0% of the share capital in July 2020, Peugeot Invest announces the launch of the disposal of the remainder of its stake in Groupe SEB, i.e. 2,223,674 shares, representing approximately 4.02% of the share capital at 31 December 2023, via an institutional private placement by way of an accelerated book-building process.

For the past twenty years, Peugeot Invest has been supporting the development of Groupe SEB, the world leader in small domestic equipment based on a strong portfolio of iconic brands and a strategy focused on innovation. This disposal is part of Peugeot Invest's portfolio rotation strategy.

Following this transaction, Peugeot Invest will no longer hold any Groupe SEB shares. 

Groupe SEB shares are listed on the regulated market of Euronext in Paris (ISIN FR0000121709).

Goldman Sachs Bank Europe SE and Natixis are acting as Joint Bookrunners on the transaction. 

This press release does not constitute an offer to purchase shares, and this sale of shares constitutes an offer reserved for qualified investors as provided for by article L.411-2-1° of the French Monetary and Financial Code.

ABOUT PEUGEOT INVEST

Peugeot Invest is an investment company listed on Euronext and is majority-owned by Etablissements Peugeot Frères. Through its Peugeot 1810 subsidiary, Peugeot Invest is one of the leading shareholders in Stellantis and Forvia, and it follows a minority and long-term investment strategy. Peugeot Invest has shareholdings in listed companies (SPIE, LISI), unlisted companies (International SOS, Rothschild & Co), co-investments (Archimed, JAB Holding) and investment funds.

+33 1 84 138 720

DISCLAIMER

This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any shares and the offer of Groupe SEB shares by Peugeot Invest does not constitute a public offering in any jurisdiction including France. 

This communication is for distribution directly or indirectly in the United Kingdom only to (i) professional investors falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FSMA") or (ii) "high net worth entities" and other persons to whom it may lawfully be communicated falling within the scope of Article 49(2)(a) to (d) of the FSMA (together with the persons referred to in (i), authorized persons"), to the exclusion of all others.

The distribution of this announcement in certain jurisdictions may be restricted by applicable laws and regulations. No action has been taken by Peugeot Invest to permit an offer of Groupe SEB shares or the possession or distribution of this press release in any jurisdiction where action would be required for that purpose. Persons receiving this document should inform themselves of and observe any such restrictions. Any violation of these restrictions may constitute a violation of applicable securities regulations in such jurisdictions.

The securities covered by this press release have not been and will not be registered in the United States under the U.S. Securities Act of 1933 (the "Securities Act"). Such securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration requirements of the Securities Act. No public offering of such securities will be made in the United States in connection with this transaction.

Any investment decision to buy shares in Groupe SEB must be made solely on the basis of publicly available information regarding Groupe SEB. This information is not the responsibility of Peugeot Invest.

Release, publication or distribution of this press release is forbidden in any country where it would violate applicable laws or regulations.