Exclusive: French side of PSA-Fiat merger want governance guarantees - sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Exclusive: French want PSA-Fiat board guarantee in $50 billion merger - sources

FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe

The sources said the French partners were seeking clarification on the issue before a Memorandum of Understanding sealing the merger deal is signed, but there is no evidence that the question has surfaced in discussions between the two sides as an obstacle to the deal. French shareholders view Tavares’ seat as giving them the de facto role of senior partner in the merged company. According to the two sources close to PSA, who spoke on condition of anonymity, they want to know this advantage would be preserved in the event of Tavares’ departure.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Modern day car maker new Rome place. Old school term, Roman mint (fiat) times, diluted gold % due corrupt and decline had dream future about Ethereal Fiat (digital currency and payment process, kiddy-merchant fees) Payment processing peep related. Glencore is modern mining CO.

Don't fall for this ! , the French will bankrupt you ! with strikes and '' they want a bigger part'' because we are french

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines