EU Set to Approve Fiat Chrysler's Merger With Peugeot, a Report Says

John Rosevear, The Motley Fool
·2 min read
EU Set to Approve Fiat Chrysler's Merger With Peugeot, a Report Says
EU Set to Approve Fiat Chrysler's Merger With Peugeot, a Report Says

Fiat Chrysler Automobiles (NYSE: FCAU) and French automaker Peugeot (OTC: PUGOY), often called the PSA Group, will soon win European Union approval to merge, Reuters reported on Monday, citing people close to the matter. FCA and Peugeot first announced their plan to merge in late 2019. The all-stock deal will unite FCA's Fiat, Jeep, Dodge, Ram, Maserati, and Alfa Romeo brands with PSA's Peugeot, Opel, DS, and Citroen.