Project to transform Peugeot S.A. into a European Company
The Managing Board and the Supervisory Board of Peugeot S.A. have decided to propose to shareholders to transform into a European Company (Societas Europaea – SE) at the next Shareholders meeting.
This business structure, used by a growing number of companies in Europe, is recognised in all member states of the European Union. It would reflect Groupe PSA’s European scope, following the successful integration of Opel/Vauxhall.
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 S.E. will be the subject of discussions with the social partners in the coming weeks.
The transformation project will be submitted to the Peugeot S.A. Shareholders’ Annual General Meeting taking place on 14 May 2020.