FFP : 2019 NAV at € 179.5, up strongly by +19.4%, COVID-19 impact difficult to quantify. TP adjusted to € 94.5 against a backdrop of market stress.
>NAV at end-2019: € 179.5, i.e. +19.4% - FFP yesterday evening issued a press release with details of its NAV at end-2019: NAV at end-2019 came to € 179.5, up 19.4%. The increase (+€ 726m) was driven by all business lines since it came from: i/ PSA (+€ 224m); ii/ other listed stakes (+€ 165m); iii/ unlisted stakes (+€ 40m); iv/ investments in private equity funds (+€ 96m); v/ real estate (+269m); and vi/ co-investments (+€ 136m), the balance being net debt.T...Societe Fonciere, Financiere ACT is an investment holding company which acts as a long-term investor and an active shareholder. As of Dec 31 2010, Co. held 22.1% of the share capital of PSA Peugeot Citroen. Co. usually purchases minority stakes in companies with a large family shareholding. Co. has a portfolio of private equity funds which operate mainly in Europe and countries with emerging economies. Co. also operates a financial investment and cash management business, as well as a real estate and wine-producing businesses.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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