Stellantis Board of Directors appointed: Elkann president, Tavares CEO
Stellantis, the merger between FCA and Groupe Psa completed.
Exor has 14.4% of the capital
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January 18, 2021Stellantis flies to the Stock Exchange in its first few minutes of trading, scoring the best performance on Piazza Affari.
On the day of its debut on the financial markets, the stock of the automotive group that was born from the merger between FCA and PSA already marks a rise of 4% to over 13 euros.
Tavares: "Great support from members, we will not disappoint you"
"We feel confident and we are facing this challenge with a lot of humility but we have the support of our shareholders who supported the merger with more than 99% of the votes from both sides. This is a great sign of support, a great sign of trust that they are giving us, we have great visibility of what we need to do to get the job done and this will certainly be our first priority. "
Carlos Tavares, CEO of Stellantis, said this during the listing ceremony.
"Today is the day Stellantis is born, a merger that creates value for 25 billion and we are here to carry out this work with your support. Thanks for your support summer sure that we will not disappoint you".
At Borsa Italiana, Jerusalmi: "An important step for a growing group"
"It is with emotion and pride that today we welcome the new Stellantis group to the Italian Stock Exchange. The union between FCA and PSA represents another important step in the centuries-old path designed by the Agnelli family capable of responding to the global challenges of the automotive sector" .
Raffaele Jerusalmi, CEO of Borsa Italiana, underlines this.
"Borsa Italiana had the privilege of celebrating other significant milestones of FCA, and even more of Fiat: from the spin-off of Fiat Industrial, to the creation of FCA, up to the most recent spin-off of Ferrari. We are happy - he concludes - to to see the group continue to grow, from an Italian company to an international global player ".