Stellantis to Repurchase 69.1 Million Shares From GM
September 13 2022 - 6:58PM
Dow Jones News
By Josh Beckerman
Stellantis NV agreed to buy 69.1 million Stellantis common
shares from General Motors Co. that GM is entitled to receive upon
the exercise of warrants that Peugeot SA issued to GM in 2017.
Stellantis will pay 923.2 million euros ($920.3 million) for the
shares. It will also deliver to GM about 1.2 million Faurecia SE
shares and about EUR130 million of cash for rights to dividends
paid by Peugeot and Stellantis.
The repurchase will take place on Thursday.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
September 13, 2022 18:43 ET (22:43 GMT)
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