Summary Marketline's Fiat Chrysler Automobiles N.V. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Fiat Chrysler Automobiles N.V. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships &...
Summary Stellantis NV - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Stellantis NV (Stellantis), formerly Fiat Chrysler Automobiles NV, is an automotive company, formed as a result of merger with PSA Group. The company designs, engineers, manufactures, distributes, and sel...
• FY23 NAV at EUR 237.7 p/s, up 21.1%, in line with our estimate. Proposed dividend of EUR 3.25 p/s, up 14% YoY, and above our estimate. The real estate portfolio struggled with full impairment• We estimate today's NAV to be EUR 283.4 p/s, implying a discount of 58%. That is incredibly high and among the highest in the sector. We look forward to the announcement of the new CEO in hopes that he/her will bring change to the strategy and portfolio composition. This could become a major trigger...
While Japan’s automakers have upped their game in the EV space, they remain laggards on the global stage. With the EV markets now in trouble, analyst Julie Boote assesses whether or not the Japanese assemblers have been vindicated in their more cautious approach to electrification.
• Signa, one of the largest private real estate companies in Europe, declared insolvency on Wednesday evening• Peugeot Invest has invested about EUR 306m in Signa vehicles or about 5% of the NAV. This is now at risk of being wiped out following a much-needed restructuring. We took a full impairment for EUR 12 p/s• We estimate the adjusted NAV at EUR 206.8 p/s implying a discount of 49%. We lower our TP to EUR 109 (vs. EUR 121 before). Hold reiterated
H1 2023 NAV at EUR 221.3, up 11% over first half (FY22: EUR 199.5) but below our estimate of EUR 238 p/sMain contributor was Stellantis which is up 30% YTD We estimate today's NAV at EUR 222 p/s, implying a discount of 54%.That is the highest in our coverage. However, similarly to Spanish peer Corp Fin Alba, we see the low free float (
>Carbon neutrality on scopes 1+2 by 2025, -30% on scope 3 by 2030 - Yesterday, Plastic Omnium announced that it has committed to achieving carbon neutrality on scopes 1 and 2 by 2025 and reducing its scope 3 emissions by 30% in 2030. This new target announced in the morning was followed in the afternoon by a presentation of one and half hours on the group’s carbon neutrality strategy. Laurent Favre, CEO, David Meneses, director of sustainable development, and Kathleen...
>Neutralité carbone scopes 1+2 d’ici 2025, -30% sur le scope 3 d’ici 2030 - Plastic Omnium a annoncé hier s’engager à atteindre la neutralité carbone sur les scopes 1 et 2 d'ici 2025 et à réduire le scope 3 de 30% en 2030. Ce nouvel engagement annoncé le matin a été assorti l’après-midi d’une présentation d’une heure trente de la stratégie de neutralité carbone du groupe. Laurent Favre, DG, David Meneses, Directeur du Développement Durable, et Kathleen Wantz-O’Rourke,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Stellantis, Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture Stellantis, Foxconn to Develop Breakthrough Digital Cockpits and Personalized Connected Services with Mobile Drive Joint Venture Mobile Drive, with investments from both Foxconn and Stellantis, will accelerate go-to-market timelines for the most advanced in-car and connected-car technologies in the industryMobile Drive brings together expertise in consumer innovations from the sustainable mobility and advanced electronics industriesJoint venture will competitivel...
Stellantis and Foxconn to Announce Strategic Partnership Invitation to a press conference call and webcast Stellantis and Foxconn to Announce Strategic Partnership Amsterdam, Taipei, May 17, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) and Hon Hai Precision Industry Co., Ltd., (“Foxconn”) (TPE: 2317), together with its subsidiary FIH Mobile Ltd., (“FIH”) (HKG:2038), will announce a new strategic partnership on Tuesday, May 18, 2021. A conference call and live audio webcast will be held at 5:45 a.m. EDT / 11:45 a.m. CEST / 5:45 p.m. CST, to present this partne...
Stellantis to Announce First Quarter 2021 Shipments and Revenues on May 5 Stellantis to Announce First Quarter 2021 Shipments and Revenues on May 5 Amsterdam, April 26, 2021 - Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that its First Quarter 2021 Shipments and Revenues will be released on Wednesday, May 5, 2021. A live audio webcast and conference call of the Q1 2021 Shipments and Revenues will begin at 2:00 p.m. CEST / 8:00 a.m. EDT on Wednesday, May 5, 2021. The related press release and presentation material are expected to be posted under the I...
Results of Stellantis’ 2021 Annual General Meeting Results of Stellantis’ 2021 Annual General Meeting Amsterdam, April 15, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that at the Annual General Meeting of Shareholders (AGM) held virtually today and broadcast live via Stellantis’ website all resolutions proposed to shareholders were adopted, including the proposal to approve a EUR 1 billion extraordinary cash distribution on common shares, as contemplated by the combination agreement entered into by Fiat Chrysler Automobiles and Peugeot S.A. o...
>Semis shortage slowing down autos rebound and lowering visibility - The semiconductor shortage in the automotive sector has intensified since the end of the year due to fresh disruption. Indeed, to the generalised shortage since end-2020 (under-estimation of the rebound in automotive demand, robust demand for consumer electronics, etc.), can be added production shutdowns in Texas (notably Infineon, NXP and Samsung) linked to weather conditions, followed by the halt t...
>La pénurie de semis freine le rebond du secteur et réduit la visibilité - La pénurie de semi-conducteurs dans l’automobile s’est aggravée depuis le début de l’année sous l’effet de nouvelles perturbations. En effet, à la pénurie « générale » évoquée depuis fin 2020 (sous-estimation du rebond de la demande automobile, forte demande dans le Consumer Electronics, etc.), se sont ajoutées ces dernières semaines les arrêts de production au Texas (Infineon, NXP, Samsung not...
Distribution of Faurecia shares and cash has become unconditional Distribution of Faurecia shares and cash has become unconditional Amsterdam, March 10, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that the previously announced conditional distribution (the “Distribution”), pursuant to a capital reduction, by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being the proceeds received by Peugeot S.A. from the sale of ordinary shares of Faureci...
Conditional distribution of Faurecia shares and cash approved by shareholders Conditional distribution of Faurecia shares and cash approved by shareholders Amsterdam, March 8, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announces that the Extraordinary General Meeting of Shareholders held today has approved the already announced conditional distribution (the “Distribution”), pursuant to a capital reduction, by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, ...
Stellantis announces conditional distribution of Faurecia shares and cash Stellantis announces conditional distribution of Faurecia shares and cash Amsterdam, March 4, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today a conditional distribution by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being the proceeds received by Peugeot S.A. from the sale of ordinary shares of Faurecia in October 2020, payable to holders of Stellantis common shares of r...
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