Stellantis (STLA, Financial) saw its shares increase by 1.44%, reaching $13.35. The company is reportedly planning to sell a majority stake in its robotics subsidiary, Comau, to One Equity Partners. Stellantis is currently seeking support from the Italian government for this transaction.
Sources indicate that the Italian government is inclined to approve the deal with certain conditions. The deal is part of Stellantis's strategy to streamline its operations and focus on its core automotive business.
