Mercedes, Stellantis Battery JV Nears €4.4 Billion Debt Deal
- ACC said in talks with several banks over debt package
- Company plans to use the money to fund expansion in Europe
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The electric-car battery venture led by Stellantis NV and Mercedes-Benz Group AG is close to raising €4.4 billion ($4.7 billion) in debt to finance its expansion in Europe, according to people familiar with the matter.
Automotive Cells Company SE is in talks with a series of banks and may announce a debt agreement in the coming days, the people said, declining to be identified discussing confidential information. There’s no certainty a deal will be reached.