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Stellantis - what is happening?

micro-climate

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micro-climate Occasional Contributor

micro-climate

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Hi all - 

I've had shares in Fiat Chrysler for the past 6 months, waiting for the merger with PSA to go through. Bloomberg reports a 6% rise on the Paris and Milan exchanges.

However, a search on IG doesn't find Stellantis.

The new company launches on Tuesday (19th) in the NYSE - so do I have to wait until then to see what is happening to my FCAU shares? 

There is supposed to be a distribution of $2Bn to FCAU shareholders - does anyone know how that will work through the IG system?

Thanks in advance... from Bloomberg:

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