Stellantis to Distribute Shareholders Faurecia Shares, Cash
05 March 2021 - 5:28PM
Dow Jones News
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
cash.
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.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
March 05, 2021 01:13 ET (06:13 GMT)
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