Stellantis to Distribute Shareholders Faurecia Shares, Cash
By Pietro Lombardi
Stellantis NV said late Thursday that its shareholders will
receive up to 54.3 million shares in French automotive supplier
Faurecia SE and up to 308 million euros ($368.8 million) in
Stellantis, which was created through the merger of Fiat
Chrysler Automobiles NV and Peugeot SA, said that the cash
component corresponds to the money that Peugeot SA got in October
for the sale of a stake in Faurecia.
The distribution is for now conditional, as shareholders have to
approve it at the March 8 extraordinary meeting.
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(END) Dow Jones Newswires
March 05, 2021 01:13 ET (06:13 GMT)
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