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New Deal


Announced

Stellantis to invest $90m in Argentina Lithium & Energy.

Financials

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Transaction Value£74m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

lithium mining

Public

Nonferrous Metals

Cross Border

Friendly

Acquisition

Minority

Pending

Single Bidder

Synopsis

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Stellantis, a multinational automotive manufacturing corporation formed in 2021 on the basis of a 50-50 cross-border merger between the Italian-American conglomerate Fiat Chrysler Automobiles and the French PSA Group, agreed to invest $90m in Argentina Lithium & Energy, a company focused on acquiring high quality lithium projects in Argentina and advancing them toward production. "We are delighted to have Stellantis as a partner in the future development of our lithium projects in Argentina. Together, we share a vision to build a sustainable lithium mining operation for the future. We look forward to a strong and successful relationship with Stellantis and we are committed to delivering a sustainable lithium product that will contribute to the electrification of transportation and the protection of our atmosphere," Nikolaos Cacos, Argentina Lithium President & CEO.

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