Peugeot Family to Diversify Further, Invest Outside France
- Varied portfolio helped FFP rescue PSA, Robert Peugeot says
- There is ‘no taboo’ on a stake increase PSA, Peugeot says
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The Peugeot family, which owns a stake in automaker PSA Group, will further diversify its investments and expand outside of France to strengthen its holding company and offset the weight of its stake in the car manufacturer founded by Armand Peugeot in 1896.
Varying the portfolio of FFP, the family’s publicly traded vehicle, helps counter the cyclical nature of the car business, Chief Executive Officer Robert Peugeot, 66, said in a phone interview Monday. FFP also will invest in international companies or those that have international activities to “balance risks,” he said. To find new opportunities, FFP opened a unit in London this year.