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New Deal


Announced

Stellantis to spin-off 34% stake of Faurecia in a $371m deal.

Financials

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Transaction Value£266m
Consideration TypeCash
Capital Owned-
Capital Bid For34%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Cross Border

automotive equipment

Acquisition

Pending

Single Bidder

France

Auto Parts

Minority

Friendly

Spin Off

Synopsis

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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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