FORVIA confirms the sale of part of its shareholding in Symbio to Stellantis, completed on July 27. It enables Stellantis to acquire a stake alongside Michelin and FORVIA in the leading company for fuel cell mobility, with each shareholder holding 33.33%.
The announcement is another step towards the decarbonization of the mobility industry and illustrates Symbio’s technological excellence in hydrogen fuel cell innovations. The addition of Stellantis as a shareholder will boost Symbio’s development across Europe and in the U.S.
Related: Michelin Welcomes Stellantis as a Symbio Shareholder Alongside Forvia
This transaction will contribute €150 million to FORVIA’s net debt reduction program, its top priority following the acquisition of a majority stake in HELLA at the end of January 2022.
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