Jump to content
AskTraders Trading Community
  • 0

PSA - FCA


Marko Jovicic

Question

1 answer to this question

Recommended Posts

  • 0

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 by AlexMercer
Link to comment
Share on other sites

Join the conversation

You can post now and register later. To reply to this question, sign in or create a new account.

Guest
Reply to this question

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...