#fcaitalyspa, wholly owned subsidiary of #stellantis N.V. (STLA:EN), and #engieeps (EPS:EN) announce the signing of the full set of agreements, including the investment and shareholders’ agreement[1], to create a Joint Venture in the e-Mobility sector.
These agreements have been executed in furtherance of the Memorandum of Understanding announced on 12 November 2020.
The Joint Venture will offer a full suite of innovative services and solutions – such as residential, business and public charging infrastructures, as well as energy charging subscriptions and Vehicle-to-Grid technologies – in order to make access to electric #mobility easy and convenient for everyone.
Completion of the transaction is expected to occur in the coming months, subject to customary conditions precedent, including clearance by the competent Antitrust authorities.
[1] Based on the governance structure agreed it is expected that #engieeps will fully consolidate the new entity.
