Shares in Stellantis rose on their first trading day on Monday, after the world's fourth largest carmaker was created on Saturday with the completion of the US$52 billion merger between Fiat Chrysler and Peugeot maker PSA.
Stellantis Chairman John Elkann symbolically rings a bell as shares in the merger between Fiat Chrysler and Peugeot maker PSA began being traded at the Italian stock exchange, in this still image taken from a video, in Milan, Italy, January 18, 2021.
"We have the scale, the resources, the diversity and the knowhow to successfully capture the opportunities of this new era in transportation," Chairman John Elkann said in a video on the Borsa Italiana website.Milan-listed shares of Stellantis started trading at 12.758 euros and at 0855 GMT were up 4.9per cent at 13.19 euros. The Paris-listed shares traded around the same level.Over the weekend, PSA shares were exchanged into new FCA shares.
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