Autohellas and Samelet Groups reach an agreement with Stellantis
The firms will acquire Stellantisà Greek Distribution Subsidiary of Abarth, Alfa Romeo, Fiat, Fiat Professional and Jeep brands in Greece.
Autohellas and Samelet Groups reach an agreement with Stellantis to acquire its Greek Distribution Subsidiary of Abarth, Alfa Romeo, Fiat, Fiat Professional and Jeep brands in Greece.
Autohellas and Samelet Groups set up a joint venture to become Stellantis’ partner in the Greek market for the import and distribution of Abarth, Alfa Romeo, Fiat, Fiat Professional and Jeep brands.
The closing and conclusion of this contemplated transaction is strictly subject to the Competition Authority’s approval. The transaction comes in the wake of the merger of car manufacturers PSA and FCA last year, which created Stellantis, one of the world’s biggest car manufacturers with industrial operations in 30 countries and a commercial presence in 130 markets worldwide.
Following the completion of the planned transaction, the joint venture Autohellas and Samelet Groups will be responsible for the import and distribution of a total of 5 Stellantis brands in Greece.
They will acquire the existing FCA Italy S.p.A. distribution subsidiary for these brands. Employment agreements of FCA Greece S.S.A. will not be affected by the completion of the transaction.
Autohellas and Samelet Groups will rely on their extensive know-how, experience, resources and presence within the
automotive and mobility services market, to ensure the continuation of high quality services to customers, to distribute all
brand-related Service parts and successfully further develop the overall business in the country