Borsa Italiana welcomes Stellantis

Jan 18 2021 - 09:00

Today Borsa Italiana welcomes Stellantis, a new leading group in the automotive sector created from the merger by incorporation of Peugeot (PSA) into Fiat Chrysler Automobiles (FCA).

The ordinary shares of Stellantis will begin trading today, 18 January 2021, on the Main Market (MTA) of Borsa Italiana and on Euronext Paris. And from tomorrow, 19 January 2021, also on the New York Stock Exchange (NYSE).

The Stellantis stock will be part of the FTSE MIB index from the start of trading.

Raffaele Jerusalmi, CEO, Borsa Italiana:

"It is with emotion and pride that today we welcome the new group Stellantis to Borsa Italiana. The union between FCA and PSA represents another important step on the centuries-old path traced by the Agnelli family that can respond to the global challenges of the automotive sector. Borsa Italiana has had the privilege to celebrate other significant milestones of FCA, and even before of FIAT: from the spin-off of FIAT Industrial, to the creation of FCA, to the most recent spin-off of Ferrari. We are happy to see the group continue to grow, from an Italian company to an international global player."

John Elkann, Chairman, Stellantis:

"This historic first day of trading of Stellantis shares on Borsa Italiana marks the beginning of an era of extraordinary opportunity for our company. These are challenging but exciting times in our industry, with change as rapid as at any point since its foundation over a century ago. Stellantis begins life with the leadership, the resources, the diversity and the knowhow with which to build something truly unique and something great, providing our customers with outstanding vehicles and mobility solutions, creating consistent value for all of our stakeholders."

Carlos Tavares, CEO, Stellantis:

"Today is the day where Stellantis is born. We are very proud of the listing of Stellantis shares on Borsa Italiana and warmly thank all of our more than 99% shareholders and institutional investors who have made this momentous occasion possible. From this day forward, we will leverage the benefits of this 25 billion merger to deliver a strong performance and further enhance shareholder value based on our unmatched competitive advantages. Both FCA and PSA managements have demonstrated their capability to execute their plan. You can trust our ability to deliver our commitment."

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