Stellantis & Dongfeng Agree On A Share Repurchase Framework!

[redriderbob]

Stellantis & Dongfeng Agree On A Share Repurchase Framework!​

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

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.

Stellantis & Dongfeng Agree On A Share Repurchase Framework!

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...

moparinsiders.com

 

[TripleT]

I dont understand what this means

 

[AlexB]

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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