Stellantis, Comau divestment: Mimit's evaluation of Golden Power appeal

Evaluations are being carried out regarding the applicability of the golden power discipline to the sale of the majority of Comau by Stellantis. This was communicated by the Ministry of Enterprise and Made in Italy.

Today, Stellantis announced that One Equity Partners will be the majority shareholder of Comau, a company in the group scheduled to be spun off with the merger between Fca and Psa.

The fund One Equity Partners (Oep) will become the majority shareholder of Comau . Stellantis will remain an active minority shareholder. The spin-off of Comau is part of the strategic agreement signed at the creation of Stellantis in January 2021. Under the new ownership, Comau will have access to additional funds that will enable it to strengthen and expand its Italian roots and increase its expertise in various sectors. Executive chairman, Alessandro Nasi, and CEO, Pietro Gorlier, will retain their respective positions as will the rest of management.

The deal is part of the strategic agreement made during the merger between the former Fca and Groupe Psa in January 2021 from which Stellantis was born. The financial terms of the private transaction were not disclosed. The transaction is expected to close by the end of 2024 and is subject to regulatory approvals in addition to the usual closing conditions. "Over the past 50 years, Comau has become a leader in automation solutions. This transaction aims to help Comau achieve its autonomy and further strengthen its success for the benefit of all its stakeholders, in particular its employees and customers. It also gives Stellantis the opportunity to focus on its core business activities in Europe,' says Carlos Tavares , ceo of Stellantis. "Comau is a leading company in industrial automation, with state-of-the-art robotics technology and enormous growth potential. We have a proven track record in executing complex business carve-outs and have the resources to help Comau further establish itself as a successful company," adds Ante Kusurin, partner at One Equity Partners.

"For more than 50 years, Comau has consistently demonstrated its ability to transform its business, its technology and its approach to innovation. This transaction is consistent with Comau's strategic plan, which aims to expand its business beyond the automotive sector and towards the growth of global demand in the field of industrial automation. It will also consolidate the company's strong position as an international leader in its sector, while maintaining solid Italian roots,' Comau CEO Pietro Gorlier notes.