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Stellantis rallies on first day of trade after $52 billion merger

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Flag with the Stellantis logo on the front entrance to FCA’s Mirafiori plant on January 18, 2021 in Turin, Italy.

Stefano Guidi | Getty Images

LONDON — Stellantis, the product of the $52 billion merger between Fiat Chrysler Automobiles and Peugeot, was well received by European investors on its first day of trading Monday. 

Shares of the world’s fourth-largest carmaker by volume, created after the merger was finalized on Saturday, climbed 7.5% by afternoon trade following its launch on stock exchanges in Milan and Paris.  

The Milan-listed shares started trading at 12.758 euros per share with a market cap of 39.2 billion euros ($47.3 billion), and by afternoon deals in Europe were up at…



Source cnbc.com

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