HONG KONG – Chinese state-owned carmaker Dongfeng today said it has sold about €600 million (RM2.95 billion) in global auto giant Stellantis – the equivalent of a 1.15% stake.
In a statement to the Hong Kong stock exchange, Dongfeng said it has sold 36.1 million Stellantis shares priced at €16.65.
Stellantis is a United States-European automaker formed in a merger between France’s Peugeot and US-Italian company Fiat Chrysler earlier this year, with a stable that includes Alfa Romeo, Jeep and Maserati.
Dongfeng, headquartered in China’s central city of Wuhan, is a former investor of Peugeot maker PSA and was required to sell the shares by end-2022 as part of the merger deal.
It still maintains a stake of around 4.5% in Stellantis.
The statement did not say who bought the shares offloaded by Dongfeng. – AFP, September 8, 2021
