Stellantis approval

Fiat Peugeout

The EC Approves With Conditions The Birth Of Stellantis, The Merger Between Peugeot And FCA

Banca March | The European Commission has given the green light, with conditions, to the merger of Peugeot with Fiat Chrysler Automobiles after the commitment on the part of both manufacturers to adjust their activity in the sector of small commercial vans. The union of the two firms meant they would control about a third of that market, more than double its immediate competitors. The deal will give rise to the fourth largest car manufacturer in the world by units sold and a stock market value of over €40 Bn.