Brief: JV between Stellantis and Engie EPS named Free2Move eSolutions

Nhoa SA

31/03/2021 07:55

March 31 (Reuters) - ENGIE EPS SA  EPS.PA :
    * "FREE2MOVE ESOLUTIONS": NAME OF JV BETWEEN STELLANTIS AND
ENGIE
EPS TO CREATE A NEW WORLD-LEADING PROVIDER OF E-MOBILITY
PRODUCTS & SERVICES
    * BOARD OF DIRECTORS OF FREE2MOVE ESOLUTIONS WILL BE
COMPRISED OF
SIX MEMBERS, SUBJECT TO CLOSING OF TRANSACTION
    * JV WILL SIMPLIFY ACCESS TO E-MOBILITY AND WILL COMPLEMENT
FREE2MOVE CURRENT PORTFOLIO, WITH A NEW SET OF OFFERS 100%
DEDICATED TO ELECTRIC MOBILITY
    * ROBERTO DI STEFANO, REPRESENTING STELLANTIS, WILL BE CEO,
AND
CARLALBERTO GUGLIELMINOTTI, HAILING FROM ENGIE EPS AND YOUNG
GLOBAL LEADER 2020 OF WORLD ECONOMIC FORUM, WILL BE CHAIRMAN
    * COMPLETION OF JOINT VENTURE IS EXPECTED TO OCCUR IN Q2 OF
2021

Source text for Eikon:  ID:nNDL6kk5l4 
Further company coverage:  EPS.PA 

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