Banco Inbursa Sells 49.9% of STM to Stellantis' FIDIS

Banco Inbursa, owned by Carlos Slim, has sold a 49.9% stake in its automotive financial services subsidiary, STM Financial, to FIDIS SpA, the Italian financing arm of Stellantis. The transaction is pending regulatory approval.

The deal will enable FIDIS to expand its credit portfolio and grow its financial services business in Mexico, a key market for Stellantis. In a statement to the Mexican Stock Exchange (BMV), Inbursa confirmed that STM Financial will continue providing financial services to Stellantis Mexico.

"We are excited to take this important step in our relationship with Stellantis, who has been a valuable long-term partner. We believe that our strength and experience in financial services, combined with Stellantis' prestige, will allow us to reach new dimensions to serve our clients in this important market," said Jorge Gutiérrez, Director of Retail Banking, Banco Inbursa.

“For many years, STM has been an important partner for Stellantis, with a strong track record in supporting our sales financing needs. We believe this acquisition will allow Stellantis to compete more effectively and offer personalized products to our customers in this key market, aiming to increase customer loyalty,” said Philippe de Rovira, Executive Vice President, Stellantis.  

The sale is part of Banco Inbursa's broader strategy to expand its presence in automotive credit. In 2024, the bank acquired Cetelem, a company specializing in auto financing, a move that has already yielded positive results for both Inbursa and the broader financial sector.