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Home Finance Stellantis reshuffles European financing operations through new JVs with banks
2021 12 17T070535Z 2 LYNXMPEHBG08O RTROPTP 4 REUTERS NEXT TAVARES

Stellantis reshuffles European financing operations through new JVs with banks

by Wanda Rich
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MILAN (Reuters) – Stellantis said on Friday it had entered exclusive talks with BNP Paribas, Credit Agricole and Santander as it seeks to overhaul its financing operations in Europe through new partnerships.

The world’s fourth largest carmaker said it aimed to create a 50-50 operational leasing company with Credit Agricole Consumer Finance, while reorganising its financing activities through joint ventures in each country with BNP Paribas Personal Finance and Santander Consumer Finance.

The relevant agreements could be signed in the first quarter of next year, while the transaction are expected be completed in the first half 2023, Stellantis added in a statement.

(Reporting by Giulio Piovaccari; editing by Agnieszka Flak)

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Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication's content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.