KMW advised General Motors on Stellantis share repurchase transaction

Our firm advised General Motors on the Dutch law aspects of a share repurchase transaction with Stellantis NV, the global automaker resulting from the merger between Fiat Chrysler Automobiles and Groupe PSA. The transaction entailed the exercise by General Motors of equity warrants in Stellantis, followed by the issue and repurchase by Stellantis from General Motors of 69.1 million Stellantis common shares (representing approximately 2.2% of Stellantis’ share capital) for a purchase price of approximately EUR 925 million. In the context of this transaction, Stellantis also delivered to General Motors approximately 1.2 million common shares of Faurecia and an aggregate cash amount of approximately EUR 130 million for rights to dividedn paid by PSA and Stellantis.

Press release Stellantis