Bulletin
Investor Alert

New York Markets After Hours

March 5, 2021, 1:38 a.m. EST

Stellantis will distribute Faurecia shares, cash

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

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

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.