The managing and supervisory boards of Peugeot SA (www.groupe-psa.com) are to propose changing Peugeot SA into a European company (Societas Europaea — SE) at the next shareholders meeting.

This business structure — used by a growing number of companies in Europe and recognised in all member states of the European Union — would reflect Groupe PSA’s “European scope, following the successful integration of Opel/Vauxhall”.

The project to transform Peugeot SA into a European company “would have no impact on the governance, on operations, organisation or place of listing of Peugeot SA, but it would allow the Group to align its legal structure with its economic and social situation.

"The company’s transformation would result in a change in its legal form without reducing the current rights of shareholders or other stakeholders, and without impacting the location of the company’s head office or its centralised management in France.”

The terms of the ‘social dialogue’ within Peugeot SE will be the subject of discussions with ‘the social partners’ in the coming weeks, and the project will be submitted to the Peugeot SA shareholders’ Annual General Meeting on 14 May 2020.