A car is displayed at the entrance of the FCA Italy headquarters in Turin, Italy April 27, 2020. REUTERS/Massimo Pinca/File Photo
MILAN - Fiat Chrysler and Peugeot maker PSA have won a green light from Brazil’s competition watchdog for their planned $38 billion merger, the regulator said. Brazil’s CADE said in a document on its website that it had approved the operation without restrictions. In confirming the ruling, FCA and PSA said it was now expected to become final within 15 days under Brazilian law.
The two companies are set to win European Union’s approval for their merger, people close to the matter said last month, removing a major potential hurdle towards the closing of the deal and the creation of Stellantis, the world’s fourth largest carmaker.The tie-up plan has already been cleared by several antitrust authorities around the world, including in the United States, China, Japan and Russia.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shareholders approve Fiat Chrysler-PSA merger, will create fourth largest automakerFiat Chrysler Automobiles and Groupe PSA, the French maker of Peugeot and Citroën cars, expect their merger to be complete on January 16th, the companies have announced. The newly combined company will be called Stellantis.
Source: CNN - 🏆 4. / 95 Read more »
The Fiat Chrysler-PSA mega-merger may give rise to a carmaking starNow that electric cars are becoming more popular, Stellantis's plans for electrification may have more chance of success horrible How many merger does by Chrysler before, no hope. Whatever route will keep orange 🍊 dude from running EVER again for PREZ, NO PENSION for life, NO Secret Service for life ..1) Impeachment with conviction OR 2) Orange 🍊Resigning OR 3) 25th admendment. TAXPAYERS should NOT be paying for LIFETIME benefits for 45! PRISON!
Source: TheEconomist - 🏆 6. / 92 Read more »
Fiat Chrysler, PSA merger to include investor loyalty schemeFiat Chrysler's merger with Peugeot maker PSA will include a loyalty scheme for long-term investors in the new group and help prevent future takeover attempts, the prospectus for the planned tie-up shows. good every god damned one of em burn oil too
Source: Reuters - 🏆 2. / 97 Read more »
Fiat Chrysler and PSA Groupe shareholders approve merger to create StellantisThe voting by shareholders was one of the last steps for the merger, which the companies expect to close by the end of the first quarter.
Source: CNBC - 🏆 12. / 72 Read more »