Marko Jovicic Posted May 18, 2020 Share Posted May 18, 2020 What is the latest on the FCA - PSA merger? I read in the news that two car companies are struggling to reach an agreement. Quote Link to comment Share on other sites More sharing options...
0 AlexMercer Posted May 19, 2020 Share Posted May 19, 2020 (edited) Hi Marko, thanks for the question. The proposed merger between the Fiat Chrysler Automobiles NV and Peugeot SA has been discussed for months now. Both Fiat and Peugeot withdrew their dividends for this year, which will save these two companies more than 1 billion EUR combined. Two car giants insist that the agreement is still in place for a 50-50 merger, expected to be worth around $50 billion. Accordingly, the negotiations are advancing well. “With its decision not to accept a discount on PartnerRe, Elkann has sent a strong message to PSA and its CEO (Carlos) Tavares. The message is: don’t expect to come around and get much different conditions on the FCA-PSA merger,” an investment banker was quoted by Reuters. Elkann, who is the CEO of Exor, refused attempts from the French Covea to drive down the price of Exor’s reinsurance business “PartnerRe”. As a result, Covea pulled out from the talks and a $9 billion transaction. Edited May 19, 2020 by AlexMercer Quote Link to comment Share on other sites More sharing options...
Question
Marko Jovicic
What is the latest on the FCA - PSA merger? I read in the news that two car companies are struggling to reach an agreement.
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.