French-owned Gefco Group is planning to sell a 40% stake in its business this year. Car manufacturer Groupe PSA, which owns Peugeot, currently holds a 25% stake in the group after selling a 75% share of the firm to Russian Railways in 2012. Last month Gefco Group presented IPO documents for approval to AMF, France’s financial authority, which revealed that Russian Railways is looking to reduce its stake to below 50%. They also show that PSA plans to reduce its […]
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Gefco is a company with a long and dynamic history as one of the global leaders in the automotive logistics industry. After its creation by Peugeot in 1949, “Les Groupages Express de Franches-Comté” had accumulated 25 members of staff in four locations by the end of 1950. Now, the group has 11,500 employees across 35 countries, 400 of whom work in the UK.
Gefco has signed an €8bn (£7.15bn) exclusivity deal with former parent company PSA Peugeot Citroën, which will see it manage the company’s entire global supply chain.