Peugeot Frères Industrie to acquire majority stake in Tivoly group

Peugeot Frères Industrie entered exclusive negotiations to acquire a majority stake in Holding Tivoly, the majority shareholder of Tivoly S.A., a French market leader in cutting tools. The transaction includes a simplified tender offer for all Tivoly S.A. shares at an estimated price of €41.5 per share.

“Peugeot Frères Industrie is strengthening its presence in Tooling, the original sector of the Peugeot brand, with the planned acquisition of the Tivoly group.”globenewswire.com

• 1 source
• globenewswire.com2022-02-03 Press Release PFI-TIVOLYTIVOLYFeb 3, 2022

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