|105||100 franc share||1927, mauve, with coupons||70,000||EF||€15|
|106||share of no par value||1928, mauve, with coupons||100,000||EF||€15|
Anciens Etablissements Pieper S.A.
Established in 1884 and this company formed in Liege in 1905. Manufacturer of Bayard guns and from 1900 automobiles.
Capital by 1927 7,000,000 francs in shares of 100 francs. Increased in 1928 to 11,500,000 francs in 100,000 shares on no par value.