FCA: PSA deal terms still intact despite dividend cut report

Filed under: ,,

FCA: PSA deal terms still intact despite dividend cut report 1 Fiat Chrysler (FCA) said the terms of its merger with France’s PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro ($6.2 billion) cash pay-out to its shareholders. FCA said on Friday that it was sticking to the deal agreed with PSA in December before the coronavirus crisis hit demand for cars. FCA and PSA plan to finalise their merger by the first quarter of next year.

Continue reading FCA: PSA deal terms still intact despite dividend cut report

FCA: PSA deal terms still intact despite dividend cut report originally appeared on Autoblog on Fri, 3 Jul 2020 14:00:00 EDT. Please see our terms for use of feeds.

Permalink |  Email this |  Comments

Read more

%d bloggers like this: