Peugeot Invest successfully completes the sale of its remaining stake in SPIE

Not for publication, distribution or release in the United States of America, Canada, Australia, South Africa or Japan, or any other jurisdiction where the distribution or release would be unlawful

 Neuilly-sur-Seine, July 8, 2025

Peugeot Invest successfully completes the sale of its remaining stake in SPIE 

Peugeot Invest announces the successful sale of its remaining shareholding in SPIE, representing 4,250,000 shares, or approximately 2.5% of the company’s share capital as of December 31, 2024. The placement was carried out through an accelerated bookbuilding process with institutional investors at a price of €45.4 per share, generating total proceeds of approximately €193 million (the “Placement”).

This Placement follows the sale of approximately 2.5% SPIE shares carried out on March 18, 2025. Following the Placement, Peugeot Invest no longer holds any shares in SPIE.

Since its investment in SPIE in 2017, Peugeot Invest has been supporting the group through a remarkable period of development. Over this period, operating income has doubled, driven by robust structural market dynamics, particularly related to energy transition and the increased digitalization of infrastructure. This performance is also the result of an ambitious external growth strategy combining targeted value-accretive acquisitions with exemplary discipline in integration and execution.

Jean-Charles Douin, CEO of Peugeot Invest, commented: "We are proud to have supported the development of the SPIE Group alongside its management team, whose strategic vision and operational discipline we commend. The quality of our partnership fully reflects our ability to identify high-potential investments and pursue a long-term investment strategy. This transaction exemplifies our real agility in seizing opportunities offered by favorable market conditions, as well as our dynamic investment approach to crystallize value in a volatile market environment." Settlement and delivery of the shares are scheduled for July 10, 2025.

SPIE shares are listed on the Euronext Paris regulated market (ISIN: FR0012757854).

BNP Paribas and Morgan Stanley acted as joint bookrunners for the Placement. 

This press release is provided for informational purposes only and does not constitute an offer of securities, and the share Placement is strictly reserved for qualified investors as defined under Article 2(e) of EU Regulation (EU) 2017/1129, but also to international institutional investors, and under Article L.411-2-1° of the French Monetary and Financial Code.

ABOUT PEUGEOT INVEST

Peugeot Invest is an investment company listed on Euronext and is majority-owned by Établissements Peugeot Frères. Peugeot Invest is one of the leading shareholders in Stellantis, and it follows a minority and long-term investment strategy. Peugeot Invest has shareholdings in listed companies (such as Robertet), unlisted companies (such as International SOS and Rothschild & Co) and investment funds.

Disclaimer

The press release is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”).

The securities have not been and will not be offered or sold, directly or indirectly, to the public in France (other than to qualified investors). Any offer or sale of securities or distribution of offering documents has been and will be made in France only to qualified investors, as defined by article 2(e) of the Prospectus Regulation and in accordance with articles L.411-1 and L.411-2 of the French Monetary and Financial Code.

In member states of the European Economic Area and in the United Kingdom, this communication and any offer if made subsequently is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation.

This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (together with the persons mentioned in (i), the “authorised persons”), with the exception of any other person.

Securities referred to in this announcement have not been, and will not be, registered under the U.S.

Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.

Securities referred to in this announcement have not been, and will not be offered or sold in Australia, Japan or Canada (except as permitted by Canadian securities laws). Information herein does not constitute an offer to buy any securities in Australia, Japan or Canada.

The release, publication or distribution of this press release generally or the offer and sale of the securities referred to herein may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. The Managers did not take any action to allow the offer of SPIE shares or distribution of this press release in any jurisdiction where any such action would be required. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Any investment decision to purchase SPIE shares must be made solely on the basis of publicly available information regarding SPIE. Such information is not the responsibility of the Managers.

Distribution, publication or release of this press release are forbidden in any jurisdiction where such distribution or release would be unlawful.