Report
Anthony Dick ...
  • Emna Ben Bdira
  • Michael Foundoukidis
  • Nour Robbana

ODDO : Stellantis: the stars are aligning

>Terms, synergies: announcements that point in the right direction - PSA and FCA announced yesterday evening a revision to some of the financial parameters of their 50/50 merger with the aim of further strengthening Stellantis’ starting balance sheet. Among the main items, the exceptional dividend to be paid by FCA is reduced to € 2.9bn (vs € 5.5bn) while where PSA is concerned, the spin-off of the 46.3% stake in Faurecia (valuation € 2.7bn) will now take place after ...
Underlyings
Peugeot SA

Peugeot is an automobile manufacturer (cars and light commercial vehicles), supported by two brands: Peugeot and Citroen. Co.'s activities are divided into four main segments: Automobile (Co. designs, manufactures and markets passenger cars and light commercial vehicles under Peugeot and Citroen brands), Finance (Co. provides retail and wholesale financing to customers and dealer networks), Automotive equipment (Co. produces Interior Systems, Automotive Seating, Automotive Exteriors and Emissions Control Technologies) and Other businesses (Co. produces scooters).

Stellantis N.V.

Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Anthony Dick

Emna Ben Bdira

Michael Foundoukidis

Nour Robbana

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