Peugeot Invest launches the sale of half of its stake in SPIE

Peugeot Invest announces that it has initiated the sale of part of its shareholding in SPIE, representing 4,250,000 shares, or approximately 2.5% of SPIE’s share capital as of December 31, 2024. The sale is being conducted through an accelerated bookbuilding process to qualified investors, as defined by Article 2(e) of Regulation (EU) 2017/1129, as well as for international institutional investors (the 'Placement').

This partial divestment is in line with Peugeot Invest’s active portfolio management strategy.

Peugeot Invest has been supporting SPIE’s development for over seven years. The company benefits from long-term structural tailwinds, including the energy transition, shifts in the energy mix, and digital transformation. Furthermore, SPIE has recently unveiled an ambitious sustainability roadmap and new financial targets for the 2025-2028 period. Peugeot Invest will maintain a significant exposure to benefit from these prospects. Peugeot Invest has committed not to dispose of any shares for a period of 180 days.

Following the Placement, Peugeot Invest will retain approximately a 2.5% stake in SPIE’s share capital and 4.6% of voting rights. Peugeot Invest will no longer be represented on SPIE’s Board of Directors. The accelerated bookbuilding process is starting immediately and the final terms of the Placement will be announced upon its completion which starts immediately after the publication of this press release and will be the subject of a separate announcement with the result of the Placement. Settlement and delivery of the shares are expected to take place on March 20, 2025.

SPIE shares are listed on the Euronext Paris regulated market (ISIN: FR0012757854).

BNP Paribas and Morgan Stanley are acting as joint bookrunners for the transaction.

This press release is for information purposes only and does not constitute an offer of securities, and the share Placement is strictly reserved for qualified investors as defined under Article 2(e) of EU Regulation (EU) 2017/1129, but also to international institutional investors, and under Article L.411-2-1° of the French Monetary and Financial Code.