# Stellantis reshuffles European financing operations through new JVs with banks
Published: 2021-12-17
Category: Finance
Category URL: https://wealthtribune.com/category/finance/
Meta Title: Stellantis Enters Exclusive Talks with BNP Paribas, Credit Agricole, and Santander for Financing Overhaul in Europe
Meta Description: Stellantis partners with BNP Paribas, Credit Agricole, and Santander to create new operational leasing company and reorganize financing activities in Europe.
URL: https://wealthtribune.com/stellantis-reshuffles-european-financing-operations-through-new-jvs-with-banks/

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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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