Jednom su spasili PSA
Stellantis (currently holds 1.58% of stakes)
In 2014, Dongfeng Motor Corporation acquired a 14.1% stake in French PSA Group for 800 million euros (equivalent to 6.691 billion RMB).
In 2019, PSA and FCA reached a merger agreement. In order to facilitate the merger plan, Dongfeng Motor Corporation agreed to sell 30.7 million shares of PSA, reducing its stake from 12.23% to 9.14%.
In 2021, PSA and FCA completed the merger, and Dongfeng Motor Corporation's PSA shares were converted into shares of Stellantis Group. Dongfeng sold 36.06 million shares of Stellantis at 16.65 euros per share, totaling 600 million euros (approximately 4.677 billion RMB). After the sale, Dongfeng Motor Corporation still held a 4.5% stake in Stellantis Group.
In January 2022, Dongfeng again sold 40 million shares of Stellantis common stock for a total value of 732 million euros (approximately 5.257 billion RMB). After the transaction, Dongfeng held a 3.16% stake in Stellantis.
In November 2022, Stellantis repurchased 50 million shares of its common stock from Dongfeng for 934 million euros (approximately 7.276 billion RMB). After the completion of this transaction, Dongfeng's holding of Stellantis common stock reduced to 49.2 million shares, accounting for 1.58% of Stellantis' total share capital.
Through these four rounds of reducing its holdings in PSA Group and Stellantis Group shares, Dongfeng has generated 18.51 billion RMB cumulative cash by the investment in Stellantis and PSA.
