Stellantis Shares Rise After Market Debut
January 18 2021 - 4:56AM
Dow Jones News
By Kim Richters
Shares in newly formed auto maker Stellantis NV gained in their
market debut on Monday, after Peugeot SA and Fiat Chrysler
Automobiles NV completed their merger over the weekend.
Stellantis shares, which started trading in Milan and Paris on
Monday, were up about 6% at EUR13.32 at 0920 GMT in Milan according
to the Borsa Italiana, after opening at EUR12.76.
Shares in Paris opened at EUR12.87 and were about 3.5% higher at
EUR13.31 at 0920 GMT, according to Euronext Paris.
Shares begin trading in New York on Tuesday.
The French and Italian-American car makers had been working on
their merger for over a year, creating the world's third-largest
auto maker by revenue.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
January 18, 2021 04:41 ET (09:41 GMT)
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