September 29, 2023

Futureality

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Stellantis Reaches Settlement with Santander Brasil to Increase Benefit Development

STELLANTIS N.V

        

Stellantis Reaches Settlement with Santander Brasil to Enhance Worth Creation

AMSTERDAM, November 30, 2022 – Stellantis N.V. and Banco Santander (Brasil) S.A. have agreed to reorganize their automotive financing partnership in Brazil.

The contract signed with Banco Santander Brasil S.A. features:

  • the obtain by Banque PSA Finance S.A. of 50% of the shares in Banco PSA Finance Brasil S.A., a joint venture which was held 50/50 by a subsidiary of Banco Santander Brasil and Banque PSA Finance S.A.

  • the acquire by Stellantis Providers Ltd. of 50% of the shares in PSA Corretora de Seguros e Products and services Ltd, a joint undertaking held 50/50 by Banco Santander Brasil and Stellantis Products and services Ltd.

The completion of the transactions will be issue to the success of sure suspensive situations regular in similar transactions, like acquiring the pertinent regulatory authorizations.

Upon completion, Banque PSA S.A. will turn out to be the sole shareholder of Banco PSA Finance Brasil and Stellantis Solutions Ltd. will be the sole shareholder of PSA Corretora.

“These agreements are a new lever to strengthen value development throughout our fiscal providers organization throughout the world and are fully dependable with Stellantis Dare Forward 2030 strategic strategy,” said Philippe de Rovira, Stellantis Chief Affiliates Officer.

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About Stellantis

Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) is a single of the entire worlds top automakers and a mobility service provider. Its storied and iconic brand names embody the enthusiasm of their visionary founders and todays clients in their innovative products and solutions and expert services, which include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Cars, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2go and Leasys. Powered by our range, we lead the way the entire world moves – aspiring to grow to be the greatest sustainable mobility tech business, not the largest, although producing extra benefit for all stakeholders as well as the communities in which it operates. For far more information, go to www.stellantis.com.

Ahead-Seeking STATEMENTS

This interaction consists of ahead-wanting statements. In certain, statements about long run gatherings and expected final results of operations, business tactics, the predicted advantages of the proposed transaction, future monetary and working outcomes, the anticipated closing date for the proposed transaction and other anticipated factors of our operations or functioning final results are forward-on the lookout statements. These statements may incorporate conditions these as may well, will, be expecting, could, should, intend, estimate, anticipate, believe, stay, on monitor, style and design, concentrate on, objective, goal, forecast, projection, outlook, prospects, approach, or comparable terms. Ahead-on the lookout statements are not guarantees of future functionality. Alternatively, they are based on Stellantis current point out of expertise, potential expectations and projections about foreseeable future situations and are by their mother nature, topic to inherent hazards and uncertainties. They relate to gatherings and rely on circumstances that may perhaps or might not manifest or exist in the long run and, as this kind of, undue reliance should really not be positioned on them.

Genuine benefits might vary materially from individuals expressed in forward-wanting statements as a outcome of a wide range of factors, like: the impression of the COVID-19 pandemic, the means of Stellantis to launch new items successfully and to manage automobile cargo volumes variations in the global money marketplaces, common economic environment and variations in desire for automotive products, which is matter to cyclicality changes in community financial and political conditions, variations in trade policy and the imposition of worldwide and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other alterations in tax legal guidelines and regulations Stellantis capacity to extend sure of their manufacturers globally its ability to offer ground breaking, appealing items its means to develop, manufacture and provide vehicles with superior functions such as improved electrification, connectivity and autonomous-driving qualities several sorts of claims, lawsuits, governmental investigations and other contingencies, which includes product or service legal responsibility and guarantee claims and environmental promises, investigations and lawsuits substance running expenditures in relation to compliance with environmental, wellness and basic safety rules the extreme degree of competitiveness in the automotive industry, which may perhaps maximize thanks to consolidation publicity to shortfalls in the funding of Stellantis defined advantage pension plans the capacity to supply or arrange for accessibility to ample funding for dealers and retail customers and involved threats relevant to the establishment and functions of money expert services businesses the capacity to accessibility funding to execute Stellantis business enterprise strategies and improve its companies, economic affliction and effects of functions a significant malfunction, disruption or safety breach compromising information technological innovation methods or the electronic control systems contained in Stellantis vehicles Stellantis skill to comprehend expected added benefits from joint undertaking preparations disruptions arising from political, social and financial instability threats associated with our relationships with workforce, sellers and suppliers boosts in expenses, disruptions of provide or shortages of uncooked resources, parts, factors and methods utilised in Stellantis motor vehicles developments in labor and industrial relations and developments in relevant labor rules trade rate fluctuations, fascination rate alterations, credit history chance and other current market threats political and civil unrest earthquakes or other disasters and other pitfalls and uncertainties.

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