Stellantis Considers Selling Aramis Group Stake Worth Around €140 Million

Stellantis may divest non-core assets to focus resources on its automotive business and strengthen its financial standing. One potential sale under consideration is the controlling stake in Aramis Group, a French platform specializing in used cars.

This information, first reported by the French online publication L'Informé and cited by Il Sole 24 Ore, indicates that the automotive group currently holds a 60.5% equity share and 67.4% of voting rights in Aramis Group. This stake was inherited from PSA, which invested in the company in 2016. The founders retain a 17.9% ownership.

Aramis: From IPO to European Expansion

The remaining shares of Aramis Group are traded on Euronext Paris. Their current market value stands at approximately €263 million, a significant decrease from the roughly €1.9 billion reached during its 2021 IPO. According to L'Informé, Stellantis' exit would likely lead to Aramis delisting from the stock exchange.

In recent years, Aramis Group has expanded its European presence through acquisitions, including Onlinecars in Austria and Brumbrum in Italy.

However, the potential sale comes at a challenging time for the platform. During the first nine months of the fiscal year, which began in October, sales declined by over 6% to €1.6 billion. Revenue from reconditioned vehicles dropped nearly 5%, while sales of pre-registered vehicles fell by 9%.

Intermonte: Stake Valued at Approximately €140 Million

Analysts at Intermonte have estimated the value of Stellantis' investment and the potential impact of a divestment.

“The stake held in Aramis Group is worth approximately €140 million, or about €0.05 per Stellantis share. Our valuation,” the experts explain, “already incorporates a 30% discount from the €3.98 price used in a previous assessment, given the current quotation of around €3.46, thereby limiting the potential impact of a sale on our overall valuation.”

Therefore, Intermonte sees the operation as primarily financial rather than impacting the stock's valuation. An exit from Aramis would primarily reflect “the group's need to strengthen its cash position.”

Stellantis: Intermonte Forecasts Negative Cash Flow Through 2026

Liquidity is a significant concern for the group led by CEO Antonio Filosa, which has recently faced several downgrades from investment banks.

Intermonte continues to anticipate pressure on cash generation for the current fiscal year. “Following the significant outflows recorded in 2024 and 2025,” the Intermonte analysis concludes, “we expect cash generation to remain negative in 2026.”