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PEUGF - Green light expected for huge Fiat-PSA merger
Peugeot S.A.
Fiat Chrysler Automobiles (FCAU) and PSA (PEUGF) are expected to land approval from the European Union for their $38B merger to create what will be the world's fourth largest carmaker.Sources tell Reuters that the automakers only had to tweak the wording of their concessions, with no changes to the substance.Fiat Chrysler and PSA aim to complete the merger in the first quarter of 2021.Shares of FCAU are up 2.22% in premarket trading in the U.S. PSA trades more than 3% higher in Paris.