Stellantis has agreed a deal to buy back 69.1 million common shares from General Motors (GM) in exchange for more than £910m, plus 1.2m common shares in French vehicle components manufacturer Faurecia.
The repurchase agreement, due to take place today, consists mainly of a €923m (£801m) payment for the shares via equity warrants, plus the aforementioned Faurecia stock.
A €130m (£112m) fee will be also paid for rights to dividends paid by Peugeot SA (PSA) and Stellantis, of which PSA is now part.
