By Cristina Roca 
 

Stellantis NV said Friday that it has sold its remaining 25% stake in automotive-logistics company GEFCO SA to French transportation company CMA CGM Group.

"The sale of this non-strategic asset marks the last step of our exit plan, initiated a decade ago, from the transportation and logistics industry," said Stellantis Chief Executive Carlos Tavares.

The sale price wasn't disclosed.

 

Write to Cristina Roca at cristina.roca@wsj.com

 

(END) Dow Jones Newswires

April 08, 2022 02:32 ET (06:32 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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