Report
Michael Foundoukidis

ODDO : Les mariés de l’an 2020

Régulièrement évoqué depuis des décennies, le mariage entre FCA et PSA est en voie de se réaliser. Ce rapprochement fait tout à fait sens sur le plan stratégique, même s’il ne résout pas toutes les faiblesses des deux groupes. Il leur permettra d’affronter dans de meilleures conditions un contexte concurrentiel et réglementaire de plus en plus sévère. Achat réitéré sur Peugeot (26 € vs 29 €) – Achat vs Neutre sur FCA (17 € vs 12 €). - >Une fusion transformante : quand l’un...
Underlyings
Peugeot SA

Peugeot is an automobile manufacturer (cars and light commercial vehicles), supported by two brands: Peugeot and Citroen. Co.'s activities are divided into four main segments: Automobile (Co. designs, manufactures and markets passenger cars and light commercial vehicles under Peugeot and Citroen brands), Finance (Co. provides retail and wholesale financing to customers and dealer networks), Automotive equipment (Co. produces Interior Systems, Automotive Seating, Automotive Exteriors and Emissions Control Technologies) and Other businesses (Co. produces scooters).

Stellantis N.V.

Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Michael Foundoukidis

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