Peugeot: merger with FCA expected to take a while
(CercleFinance.com) - The binding merger agreement between Peugeot and FCA could be finalised in December according to Les Echos.
However, the completion of this merger could take at least a year, the paper says.
However, authorisations from European regulators should take a while to obtain, which makes the company boss say that he cannot expect the deal to be completed in the next year, Invest Securities reports following the article in Les Echos.
In a way, Tavarez confirmed that a "50-50" merger would give slightly more power to the French group, the broker said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
However, the completion of this merger could take at least a year, the paper says.
However, authorisations from European regulators should take a while to obtain, which makes the company boss say that he cannot expect the deal to be completed in the next year, Invest Securities reports following the article in Les Echos.
In a way, Tavarez confirmed that a "50-50" merger would give slightly more power to the French group, the broker said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.