Project to transform Peugeot SA to an SE

Posted on 16 Aug 2019 and read 359 times
Project to transform Peugeot SA to an SEThe 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.

Be seen in all the right places!

TCT Show 2019 TOOLEX 2019 Northern Manufacturing 2019 MTA Hanoi 2019 Advanced Engineering 2019 Metalex 2019 Machine Tool Indonesia 2019 Steelfab 2020 WIN Eurasia 2020 Shenzhen International Machinery Manufacturing MACH 2020 ITM Industry Europe 2020