Stellantis Sells Remaining Stake in Logistics Company
08 April 2022 - 8:47AM
Dow Jones News
By Cristina Roca
Stellantis NV said Friday that it has sold its remaining 25%
stake in automotive-logistics company GEFCO SA to French
transportation company CMA CGM Group.
"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," said Stellantis Chief Executive Carlos
Tavares.
The sale price wasn't disclosed.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
April 08, 2022 02:32 ET (06:32 GMT)
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