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Stellantis, Société Générale and Caetano Squadra Africa Sign an Unprecedented Strategic Collaboration Agreement for Vehicle Sales and Financing in Sub-Saharan Africa

Stellantis, in partnership with Societe Generale bank and distributor Caetano Squadra Africa, SA, a Salvador Caetano Group company, announce the signature of a strategic collaboration agreement aimed at facilitating the sale and financing of Stellantis vehicle sales on the African continent

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The aim is to create even more value and opportunities for Stellantis customers and dealers in sub-Saharan Africa

AMSTERDAM, Netherlands, February 20, 2024/APO Group/ --

Under this agreement, the parties undertake to work closely together to offer customers a comprehensive range of competitive financial services, in accordance with local laws, applicable credit policies and the market needs of each country concerned. This range of services includes loans, leasing and financial rental contracts, and the sale of complementary solutions such as insurance products.

The collaboration will be based on the will to develop synergies with a view to evaluating and extending the scope of this commercial partnership. Stellantis will also be able to offer subsidy programs for commercial purposes, with the participation of Caetano, and in conjunction with Societe Generale.

"This agreement aims to open up new prospects in the African automotive market by offering innovative financing solutions for Stellantis vehicles. The aim is to create even more value and opportunities for Stellantis customers and dealers in sub-Saharan Africa", said Marc de Kergariou, Director of Stellantis Sub-Saharan Africa.

"Alongside two strategic partners, Societe Generale is enriching its offer in sub-Saharan Africa and accompanying the transformation of the automotive sector and the changing needs of its customers," explains Philippe Dubois, Head of Corporate for International Retail Banking, Africa, Mediterranean Basin & Overseas at Societe Generale Group.

"We are delighted to have signed this strategic collaboration agreement with Stellantis, which represents an important step in our ongoing commitment to offer mobility solutions, meeting the evolving needs of our customers across the African continent," said Gabriel Almeida, COO of Salvador Caetano Africa.

Distributed by APO Group on behalf of Stellantis.

    Stellantis, Société Générale and Caetano Squadra Africa Sign an Unprecedented Strategic Collaboration Agreement for Vehicle Sales and Financing in Sub-Saharan Africa

For more information, contact:
Ali JEBBARI 
+212 684 891 097
ali.jebbari@stellantis.com

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About Stellantis:
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today’s customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.Stellantis.com

About Societe Generale:
Societe Generale is a top tier European Bank with 117,000 employees serving 25 million clients in more than 60 countries across the world. We have been supporting the development of our economies for nearly 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective - to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

  • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
  • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
  • International Retail, Mobility & Leasing Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

For more information, you can follow us on Twitter/X @societegenerale or visit our website SocieteGenerale.com.

About Salvador Caetano Group:
Salvador Caetano Group (SCG) has over 75 years of history dedicated to industry and the automotive sector, headquartered in Portugal, and has a presence in more than 100 companies spread across Europe, Latin America and Africa. The global presence is in 43 countries on 3 continents, selling over a 150 thousand vehicles annually, with over 7,400 employees.