EU Commission to Rule on Fiat Chrysler-Peugeot Merger by February 2
01 Octobre 2020 - 3:25PM
Dow Jones News
By Kim Richters
The European Commission will decide whether to approve the
merger between Fiat Chrysler Automobiles NV and Peugeot SA by Feb.
2, according to a filing on the authority's website.
The Commission had opened an in-depth investigation into the
proposed deal in June, with an initial deadline of Oct. 22. It is
looking at whether a merger would disadvantage other producers of
light commercial vehicles, or vans, in the European Economic
Area.
The two car makers recently said they continue to expect their
deal to be completed by the end of the first quarter next year. The
new company will be called Stellantis and will retain the two
companies' existing brands.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 01, 2020 09:10 ET (13:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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