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Announced

Stellantis to acquire a 8% stake in Vulcan Energy Resources for $52m.

Financials

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Transaction Value£42m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

General Mining

Pending

Minority

Cross Border

lithium

geothermal energy

Single Bidder

Public

Friendly

Australia

Synopsis

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Stellantis, an automotive manufacturing corporation, agreed to acquire a 8% stake in Vulcan Energy Resources, an energy metals exploration company, for $52m. “Making this highly strategic investment in a leading lithium company will help us create a resilient and sustainable value chain for our European electric vehicle battery production. We continue our quest of forming strong relationships with partners who share our values as we collectively fight against global warming and provide clean, safe and affordable mobility to our customers,” Carlos Tavares, Stellantis CEO.

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