Billionaire Peugeot Family Faces Rare Revolt by Shareholders
- Clan’s investment vehicle under fire for discount, governance
- Peugeot Invest still reeling from Orpea, Signa losses
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The billionaire Peugeot family is under unprecedented shareholder pressure over the performance of its listed investment vehicle following losses related to holdings in the collapsed European property empire Signa.
Peugeot Invest, controlled by the French clan and headed by eighth-generation scion Robert Peugeot, 74, is likely to face a group of disgruntled minority investors at an annual meeting on Friday who have made public a long list of grievances including its deep trading discount. They also criticize rising operating costs, governance, remuneration policies and investment strategy.