PEUGEOT INVEST (EPA:PEUG) - FFP sells its stake in IDI
Transparency directive : regulatory news
19/02/2021 08:00
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PRESS RELEASENeuilly-sur-Seine, 19 February 2021
FFP sells its stake in IDI
FFP announces today that it has signed an agreement for the sale of all of its
10.1% stake in IDI (www.idi.fr), for EUR27.2 million, resulting in a return of
3x the capital invested.
FFP has been an investor in IDI's subsidiary Euridi, then in its Marco Polo
fund for many years. It became a shareholder of IDI in 2006 and a member of its
Supervisory Board in 2007.
In 2008, FFP and IDI joined forces to create IDI Emerging Markets, an
investment company specialising in private equity funds in emerging countries.
FFP has accompanied its team since then and remains one of the main investors
in its funds, including IDI Emerging Markets Partners-Fund IV, which is
currently being raised.
As a result, FFP has resigned from its position as member of the Supervisory
Board.
Bertrand Finet, Chief Executive Officer of FFP, declared: "We would like to
congratulate the IDI team for the company's growth over the years and their
ability to select and develop high- quality SMEs. After 30 years of business
relations, this operation allows FFP to materialise its value creation. We are
delighted to give key executives the opportunity to become significant
shareholders in the company."
About FFP:
FFP is an investment company listed on Euronext, majority-owned by
Etablissements Peugeot Frères. FFP is one of the leading shareholders of
Stellantis and pursues a minority-shareholding and long-term investment policy.
FFP holds participations in listed companies (SEB, Safran, ORPEA, LISI, SPIE),
non- listed companies (Tikehau Capital Advisors, Acteon, Total-Eren),
co-investments (IHS, JAB Holding), private equity funds and real estate (SIGNA
Prime Selection, Immobilière Dassault).
www.groupe-FFP.fr
Investor relations
Sébastien Coquard +33 1 84 13 87 20
sebastien.coquard@groupe-FFP.fr
Press contact
Vincent Deshayes +33 1 58 43 94 09
Vincent.deshayes@havas.com
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