Report
Charles Pinel
EUR 1000.00 For Business Accounts Only

Stellantis NV - AGE du 08 mars 2021

Dans le cadre de la fusion de FCA et de PSA approuvée par les actionnaires le 4 janvier 2021 qui a donné naissance à Stellantis, il était prévu le versement aux actionnaires de la participation que détenait Peugeot au sein de Faurecia, équipementier automobile cotées à la bourse d'Euronext Paris, soit 39% du capital de Faurecia et 308 M€ issus de la cession de 7% du capital de Faurecia par PSA avant la fusion.

Proxinvest avait critiqué dès l’origine les conditions financières de cette fusion à 50%-50% défavorables aux actionnaires de PSA, avec notamment un dividende exceptionnel en faveur des actionnaires de FCA préalable à la fusion. Proxinvest se réjouit d’avoir été entendu puisque ce dividende exceptionnel a été fortement réduit. Ainsi, le renoncement à 2,6 milliards d’euros de dividendes exceptionnels par les actionnaires de FCA vaut bien plus que ce partage à 50-50 de la participation dans Faurecia entre l’ensemble des actionnaires de PSA et FCA désormais réunis sous Stellantis. Nous recommandons l’approbation.

Underlying
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
Proxinvest
Proxinvest

Founded in 1995, Proxinvest is an independent proxy firm supporting the engagement and proxy analysis processes of investors. Proxinvest mission is to analyse corporate governance practices and resolutions proposed at general meetings of listed firms.

Proxinvest main services are :

  • ​Proxy reports
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Proxinvest has been a pioneer and champion of good corporate governance and has grown into a recognised expert in the field.

Proxinvest is independently-owned and only works for investors : Proxinvest does not provide consulting services to the companies it covers, mitigating related risks to its clients and ensuring the independence of our analysis. As a result Proxinvest is able to take a robust, independent, engaged and unconflicted view of the companies in which our clients invest.

As Managing Partner of Expert Corprate Governance Service Ltd (ECGS), Proxinvest has built a large network of corporate governance experts to support clients in corporate governance analysis worldwide. 

Analysts
Charles Pinel

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