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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines