Stellantis Divests Remaining 25% Stake In GEFCO - Quick Facts
(RTTNews) - Stellantis N.V. (STLA), comprising Fiat Chrysler Automobiles N.V. and France's Peugeot S.A., announced Friday that it has sold its remaining 25% stake in GEFCO S.A. to the CMA CGM Group, a transport and logistics company.
Carlos Tavares, Stellantis CEO, said, "The sale of this non-strategic asset marks the last step of our exit plan, initiated a decade ago, from the transportation and logistics industry. Moving forward, Stellantis now has an efficient global supply chain with diverse logistics suppliers, among which GEFCO continues to play a meaningful role."
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