AXA Assurance Maroc to Sell 80% of Its Shareholding in AXA Crédit to Fidis

Casablanca, February 18^th, 2025 – AXA Assurance Maroc and Fidis announce that they had entered into exclusive negotiations: AXA Assurance Maroc is planning to sell 80% of its shares in AXA Crédit, its consumer finance subsidiary, to Fidis S.p.A., a wholly-owned subsidiary of Stellantis.

As part of the proposed transaction, AXA Assurance Maroc and Fidis S.p.A. are also intending to enter into an insurance distribution partnership.

The intention to sell control of its consumer finance subsidiary, is in line with AXA Group’s strategy to focus on its insurance activities, while partnering with specialists for non-insurance activities.

Meryem Chami, CEO of AXA Assurance Maroc: "The planned sale of 80% of AXA Assurance Maroc's shares in AXA Crédit is a testament to shows the success of the AXA Crédit team, which has built a unique positioning in the civil servant credit market over the years. With this project, we are honored to partner with Stellantis, one of the most active industrial investors in the Moroccan economy. For AXA Assurance Maroc, which will remain a 20% shareholder in AXA Crédit, the partnership also offers great prospects opportunities  for collaboration with Stellantis on the African market."

Andrea Faina, Head of Stellantis FSOA Financial Services & CEO of Fidis S.p.A.: « The acquisition of the majority of AXA Crédit will allow Stellantis to create its in the fast growing Moroccan market. The partnership with AXA will create a one-stop-shop for car purchase, financial services and insurances, increasing the loyalty of our customers and supporting our ambitious commercial targets in the country. »

The finalization of the transaction is subject to the usual closing conditions, including obtaining the approval of Bank Al Maghrib and the Competition Council.

About AXA Assurance Maroc
AXA Assurance Maroc is the 4th Moroccan insurer in non-life insurance and savings, serving nearly [2] million customers in Morocco through one of the largest networks of General Agents and insurance intermediaries. AXA Assurance achieved a turnover of 6 795 million dirhams in 2024 and manages 27 billion dirhams of assets.

AXA Assurance Maroc is a 100% subsidiary of the AXA Group, one of the world leaders in insurance. More information on www.axa.com/fr/investisseurs

Press Contact: Meriem MEHBI – meriem.mehbi@axa.ma / 00212 668 78 92 38
 

About Fidis S.p.A.
Fidis S.p.A. is the holding of a group of companies that, through its departments subsidiaries, offers financial services for the automotive world. Fidis S.p.A. operates globally from its Italian headquarters and coordinates the financial services offered directly,  through its subsidiaries in Argentina, Brazil and China and indirectly in North America, Middle East & Africa and India & Asia Pacific countries, providing support in defining financial activities for the benefit of the distribution chain of Stellantis Group. and its final customers.

Fidis S.p.A. is fully controlled by the Stellantis Group, a world leader in automotive manufacturing and provider of innovative mobility solutions. More information on https://www.stellantis.com/fr/finance/contacts-relations-investisseurs
 

About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automotive manufacturers, focused on providing clean, safe and affordable mobility freedom for all. Known for its unique portfolio of iconic and innovative brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is now in the process of implementing its bold strategic plan Dare Forward 2030, in order to become a mobility tech company and achieve carbon neutrality by 2038, with a single-digit percentage of residual emissions offset, while creating added value for all stakeholders.

Learn more: www.stellantis.com

For more information, please contact:
Hakim SEMMAMI +212 633 200 333 – hakim.semmami@stellantis.com