Bpifrance Acquires APE’s Stake in PSA Group

Posted on 03/27/2017

The Agence des Participations de l’Etat (APE), a French government holdings entity overseeing around 70 firms, sold its 12.7% ownership stake in automobile manufacturer PSA Group (also known as Groupe PSA) to Bpifrance for €1.92 billion (US$ 2.1 billion). This represents a €1.12 billion capital gain for APE. Paris-based PSA Group makes cars and other […]

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