French owner of aims to raise up to £414m with initial public share offering

  • Aramis owns UK car supermarket group via holding company Motor Depot
  • French company is owned by Stellantis, which will remain its majority shareholder in Aramis
  • Money raised will be used for expansion in existing and new markets

Time 2 weeks ago

A French car dealer group that owns via its holding company Motor Depot aims to raise the equivalent of nearly £414m in euros with its initial public offering.

Aramis, which itself is owned by Stellantis, is looking to issue shares to the public, and according to Aramis reckons they’ll be between £20 and £24 each, going by the current euro exchange rate.

It also says the IPO will comprise some £215m in new ordinary shares, as well as the sale of shares already held by Nicolas Chartier and Guillaume Paoli, who are its co-founders, plus those of other minority shareholders.

Along with the possibility of an over-allotment option, that would place the total transaction value between £384m and £414m (€446m and €481m).

Stellantis isn’t selling any of its shares and will still be Aramis’s majority shareholder.

In a statement, Chartier and Paoli said: ‘With our track record of profitable growth and our leading technology platform, we believe we are ideally positioned to seize growth opportunities and create value for our future shareholders.’

The money will be used to expand in existing markets as well as buy into new ones in Europe.


The share offering ends on June 17 at 1pm CEST, with trading due to begin the next day on the Paris Euronext exchange.

In February, the German AUTO1 Group – which is Europe’s biggest used car dealer company –  pulled in more than £1.5bn with its IPO and its shares rose by up to 49 per cent when they debuted.

Used car group Motor Depot sells majority stake to Stellantis-owned firm

John Bowman's avatar

John has been with Car Dealer since 2013 after spending 25 years in the newspaper industry as a reporter then a sub-editor/assistant chief sub-editor on regional and national titles. John is chief sub-editor in the editorial department, working on Car Dealer, as well as handling social media.

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