Fiat Chrysler and PSA tweak merger terms due to pandemic

The Business Times | Sep 15, 2020 at 2:00 AM
  • Fiat Chrysler (FCA) and Peugeot Citroen (PSA) announced on Monday they’d modified the terms of their mega-merger in light of business disruptions caused by Covid-19.
  • 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.
  • The exceptional dividend that FCA was to distribute to its shareholders along with the distribution of Faurecia’s shares were also issues of concern, since the French equipment makers’s market capitalisation has declined since the merger’s announcement.