Billionaire Peugeots Face Shareholder Heat for a Second Year

The investment firm controlled by the billionaire Peugeot family came under fire for a second year in a row from its largest outside shareholder unhappy with governance, operating costs and a deeply discounted share price.

Peugeot Invest SA clashed with minority investor Moneta Asset Management ahead of its annual general meeting on Tuesday. The Paris-based asset manager, which owns about a 4% stake, is critical of Peugeot’s trading discount on the local stock exchange of about 56% to net asset value, as well as royalties paid by the investment firm for use of the family name.