Stellantis agrees to sell Free2Move car-sharing business to Mutares

STLA Stellantis N.V

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1. 1Stellantis (STLA) has agreed to sell its car-sharing business Free2Move to German investment firm Mutares.
2. 2Deal terms were not disclosed, with completion expected before year-end; Free2Move operates in 14 cities across Europe and the United States.
3. 3As part of a May strategic plan to focus on its core automotive business, Mutares plans to expand mobility and accelerate the shift to electric vehicles.

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