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Stellantis & Dongfeng Agree On A Share Repurchase Framework!

redriderbob

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Stellantis & Dongfeng Agree On A Share Repurchase Framework!​

Over 99.2 Million Common Shares Of The Company...​


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Stellantis and Dongfeng Motor (Hong Kong) International Co., Limited, a subsidiary of Dongfeng Motor Group Company Limited (“Dongfeng”) have executed a heads of agreement (“HOA”) related to the 99.2 million common shares in Stellantis held by Dongfeng, representing 3.16% of Stellantis’ share capital.

 

TripleT

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I dont understand what this means
 

AlexB

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I dont understand what this means
Stellantis agreed to buy Dongfeng remaining stake in Stellantis.

After bailing out PSA in 2014 Dongfeng agreed to became a non-voting shareholder in order to complete FCA-PSA Merger. Dongfeng been selling since the merger was announced.

 

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