(PRESS RELEASE) PARIS/ TURIN, 26-Jan-2021 — /EuropaWire/ — Stellantis N.V. (STLA:EN) announces that its wholly owned subsidiary FCA Italy S.p.A. has signed an agreement with Engie EPS (EPS:EN) to create a Joint Venture in the e-Mobility sector. These agreements, including the investment and shareholders’ agreement¹, have been executed in furtherance of the Memorandum of Understanding announced on 12 November 2020.
The Joint Venture will offer a full suite of innovative services and solutions – such as residential, business and public charging infrastructures, as well as energy charging subscriptions and Vehicle-to-Grid technologies – in order to make access to electric mobility easy and convenient for everyone.
Completion of the transaction is expected to occur in the coming months, subject to customary conditions precedent, including clearance by the competent Antitrust authorities.
¹ Based on the governance structure agreed it is expected that ENGIE EPS will fully consolidate the new entity.
ABOUT ENGIE EPS
Engie EPS is the technology and industrial player within the ENGIE group, developing technologies to revolutionize the paradigm in the global energy system towards renewable energy sources and electric mobility. Listed on Euronext Paris regulated market (EPS.PA), Engie EPS forms part of the CAC® Mid & Small and CAC® All-Tradable financial indices. Its registered office is in Paris, with research, development and production located in Italy.
For further information, go to www.engie-eps.com
Stellantis is one of the world’s leading automakers and a mobility provider, guided by a clear vision: to offer freedom of movement with distinctive, affordable and reliable mobility solutions. In addition to the Group’s rich heritage and broad geographic presence, its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe. Stellantis will leverage its broad and iconic brand portfolio, which was founded by visionaries who infused the marques with passion and a competitive spirit that speaks to employees and customers alike. Stellantis aspires to become the greatest, not the biggest while creating added value for all stakeholders as well as the communities in which it operates.
For further information, go to www.stellantis.com
Stellantis Corporate and Institutional Communications:
Claudio D’Amico +39 334 7107828 – firstname.lastname@example.org
Marco Belletti +39 334 6004837 – email@example.com
SOURCE: Stellantis NV