Inbursa sells stake in car finance division to Stellantis - LatinFinance

Inbursa sells stake in car finance division to Stellantis - LatinFinance

Mexican financial group divests minority stake in business at a time of heightened uncertainty due to US tariffs The post Inbursa sells stake in car finance division to Stellantis appeared first on LatinFinance.

The multinational automotive group Stellantis has strengthened relations with suppliers at its largest European convention at the 'Heritage Hub' on the Mirafiori campus in Turin, Italy, as reported in a statement this Wednesday.

Carlos Slim reinforces his commitment to auto credit in Mexico. Inbursa reported on Tuesday that he will sell 49.9% of the shares of his Sofom, STM Financial, to a Stellantis subsidiary, one of the leading car manufacturers with more than 14 brands in his portfolio. The objective of this sale is to generate new credits and that FIDIS, Stellantis’ subsidiary, will develop financial services business in Mexico. Sofom STM Financial will continue to…

Grupo Financiero Inbursa (GFINBURO), owned by businessman Carlos Slim, announced that it will sell up to 49.9% of the automotive financial company STM Financial to a subsidiary of Stellantis.The transaction aims to generate new credits and allow Fidis, the subsidiary of the U.S. shipping company, to develop its financial services business in the Mexican market, Inbursa said in a statement disseminated to the market.The financial group did not di…

Carlos Slim's financial arm, Grupo Financiero Inbursa, agreed to sell up to 49.9% of its sofom STM Financial to Fidis, a subsidiary of Italian automaker Stellantis, owner of brands such as ALFA Romeo, Chrysler, Dodge, FIAT, Jeep, Maserati or RAM. The company owned by the richest man in Mexico said in a relevant event sent to the Mexican Stock Exchange (BMV) that the operation aims to generate new credits, as well as means a key step for him to d…