SEB's Stock Dips After Peugeot Invest Divests Its Shares

The share price of SEB, a notable name in the small electrical appliance sector, experienced a near 7% drop. This decline occurred in the wake of Peugeot Invest parting with a significant portion of its investment in the company, totaling 2,223,674 shares, a figure which represents roughly 4.02% of SEB's capital. The shares were acquired by a group of institutional investors.

Sale Details and Strategy

The share offloading is a piece of a larger strategic maneuver by Peugeot Invest, as it aims to rotate assets within its portfolio. Each share found a buyer at a value of 106 euros, culminating in a gross capital transaction amounting to approximately 236 million euros. The final execution of this deal, including the settlement and delivery of shares, is scheduled for February 29.

Impact on Peugeot Invest's Involvement with SEB

As a result of this transaction, Peugeot Invest has withdrawn its entire stake in SEB. This divestiture also means Peugeot Invest will abdicate its position on SEB's board of directors. Looking back at the evolution of this investment, since 2004, Peugeot Invest's initial stake in SEB has grown by a factor of 4.3, which translates to an Internal Rate of Return (IRR) of 10% over a span of two decades.

SEB, Peugeot, Investment