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PSA supervisory board approves merger with Fiat-Chrysler: Report

Under the deal, shareholders in the two groups would split the capital of the merged firm on a 50/50 basis

1 min read Last Updated : Dec 18 2019 | 7:49 AM IST

The supervisory board of French carmaker PSA on Tuesday approved a mega-merger with Fiat-Chrysler, a source close to their talks said.

Under the deal, shareholders in the two groups would split the capital of the merged firm on a 50/50 basis to form a global sector behemoth without any plant closures, according to the source.

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