Fiat considering ways to cut cash dividend in PSA merger: report

📆 03/07/2020 13:10:00
📰 Reuters

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Fiat Chrysler is considering ways to reduce a planned 5.5 billion euro ($6.2 billion) cash pay-out which is part of its merger deal with France's PSA , Italian newspaper Il Sole 24 Ore reported on Friday.

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/File Photo

FCA and PSA, which plan to finalise their merger by the first quarter of next year, both declined to comment. Its spin-off to FCA shareholders could also help address European Union concerns about the merger’s consequences on competition in the van segment.

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