Announced
Financials
Tags
Public
Cross Border
automotive equipment
Acquisition
Pending
Single Bidder
France
Auto Parts
Minority
Friendly
Spin Off
Synopsis
Stellantis, a manufacturer and distributor od automobiles and commercial vehicles, is set to spin-off 34% stake of Faurecia, a company that operates in automotive seating, interior systems, cockpit electronics, and emissions control technologies, in a $371m deal. Generally, the ordinary shares of Faurecia are expected to be delivered to holders of Stellantis common shares entitled thereto on March 22, 2021.
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