Fiat Chrysler, Peugeot owner PSA agree binding merger deal

) said on Wednesday they had agreed on a binding merger agreement, in a $50 billion deal that will pave the way to the creation of the world’s fourth-largest carmaker.

Before the 50-50 share merger is completed, one of PSA’s shareholders, China’s Dongfeng Motor Group , will trim its 12.2% stake in the French carmaker by selling 30.7 million shares to PSA, they added.Additional reporting by Joe White and Sudip Kar-Gupta; Editing by Sarah White

That's the end of Chrysler.

Money Moves ... Don't Quote Me.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Dongfeng to reduce PSA stake in merger deal with Fiat: sourcesChina's Dongfeng Motor will have a reduced stake of around 4.5% i... 4(per) 1 penny Ante Up annieoakley RayVaughn4real
Fuente: Reuters - 🏆 2. / 97 Leer más »

Dongfeng to reduce PSA stake in merger deal with Fiat: sourcesChina's Dongfeng Motor will have a reduced stake of around 4.5% i... 4(per) 1 penny Ante Up annieoakley RayVaughn4real
Fuente: Reuters - 🏆 2. / 97 Leer más »