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Fiat, PSA offer concessions to address EU antitrust concerns about merger

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Fiat Chrysler and Peugeot maker PSA have offered concessions to address EU antitrust concerns about their plan to create the world's ...

Fiat Chrysler and Peugeot maker PSA have offered concessions to address EU antitrust concerns about their plan to create the world's fourth-biggest carmaker, a European Commission filing showed 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 MaheBRUSSELS: Fiat Chrysler and Peugeot maker PSA have offered concessions to address EU antitrust concerns about their plan to create the world's fourth-biggest carmaker, a European Commission filing showed on Friday.

The EU antitrust enforcer, which temporarily halted its investigation into the deal in July while waiting for the companies to provide requested data, did not set a deadline for its decision, the Commission showed.The EU investigation focuses on whether the deal would hurt competition in small vans in 14 EU countries and Britain.

 

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