FCA agreed to lower the exceptional dividend to be distributed to its shareholders to €2.9 billion , compared to €5.5 billion previously. — Reuters pic
FCA agreed to lower the exceptional dividend to be distributed to its shareholders to €2.9 billion , compared to €5.5 billion previously, while PSA will distribute its 46 per cent stake in French automotive equipment maker Faurecia to all shareholder of the new company, rather than to its shareholders alone as agreed to previously.
They were approved “unanimously” by the boards of directors of both companies “with the strong support of their reference shareholders,” FCA and PSA said. The combined company unites brands such as Peugeot, Citroen, Fiat, Chrysler, Jeep, Alfa Romeo and Maserati into a global giant, each of which will continue under its own marque.