Stellantis Announces Sale of 25% Stake in GEFCO

Rhea-AI Summary

Stellantis N.V. has completed the sale of its remaining 25% stake in GEFCO S.A. to CMA CGM Group, a leader in transport and logistics. This divestment marks the final step in Stellantis's exit from the transportation and logistics sector, a process that began a decade ago. CEO Carlos Tavares emphasized that the company will now focus on its efficient global supply chain, leveraging diverse logistics partners, while GEFCO will continue to play a significant role.

Positive

• Completion of divestment strategy from non-core transportation sector.
• Enhanced focus on strategic logistics partnerships.

Negative

• None.

Stellantis Announces Sale of 25% Stake in GEFCO

AMSTERDAM, April 8, 2022 – Stellantis N.V. today announced it has sold its remaining 25% stake in GEFCO S.A. to the CMA CGM Group, a world leader in transport and logistics.

“The sale of this non-strategic asset marks the last step of our exit plan, initiated a decade ago, from the transportation and logistics industry,” said Carlos Tavares, Stellantis CEO. “Moving forward, Stellantis now has an efficient global supply chain with diverse logistics suppliers, among which GEFCO continues to play a meaningful role.”

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About Stellantis

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is one of the world’s leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep_®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.stellantis.com.

	@Stellantis		Stellantis		Stellantis		Stellantis
For more information, contact:   communications@stellantis.com www.stellantis.com

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• 20220408_Stellantis Sells Stake in GEFCO_Final_EN

FAQ

What percentage of GEFCO did Stellantis sell?

Stellantis sold its remaining 25% stake in GEFCO.

Who purchased Stellantis's stake in GEFCO?

CMA CGM Group, a world leader in transport and logistics, purchased the stake.

What does the sale of GEFCO signify for Stellantis?

The sale marks the completion of Stellantis's exit from the transportation and logistics sector.

When was the stake in GEFCO sold?

The stake was sold on April 8, 2022.

What is Stellantis's stock symbol?

Stellantis's stock symbol is STLA.