Shareholders of the French car group PSA want more clarity about the merger between that company and the Italian-American counterpart Fiat Chrysler. In particular, they want to know how the new company will be managed, writes Reuters news agency based on insiders. They believe that there must be certainty that the number of board seats allocated to PSA will not change over time. The signing of a declaration of intent must wait for this.
PSA, which is the maker of car brands such as Peugeot, Citroën and Opel, and Fiat-Chrysler announced that they would like to continue together at the end of October. According to rumors this week should be sealed with a signature, but that is now uncertain.
PSA and Fiat Chrysler, which not only include Fiat and Chrysler but also brands such as Jeep, Alfa Romeo and Maserati, intend to distribute the shares in a merger company that will have its headquarters in the Netherlands fairly. The merged company would be worth about $ 49 billion and become the fourth automaker in the world.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email maurice.eisma@economicinform.com
