Stellantis Has Authorized A Program To Repurchase Shares
Strong Cash Flow & Balance Sheet Enable Buyback Program...
Stellantis’ Board of Directors has greenlit a share buyback program worth up to €1.5 billion ($1.59 billion USD), to be executed on the market and aimed at canceling the common shares bought back. The purchase will occur on NYSE/Euronext Milan/Euronext Paris from now until December 31st, 2023. This initiative is made possible by the company’s robust balance sheet and considerable cash flow generation, providing adequate liquidity to weather economic and market fluctuations while delivering appealing capital returns to shareholders.