Dongfeng Group approves PSA and FCA Group merger

On April 27, Dongfeng Motor Group announced that the merger of Peugeot Citroen Group (PSA) and Fiat Chrysler Automobiles (FCA), and the share repurchase agreement of PSA Group had obtained written approval from shareholders.

On April 27, Dongfeng Motor Group announced that the merger of Peugeot Citroen Group (PSA) and Fiat Chrysler Automobiles (FCA), and the share repurchase agreement of PSA Group had obtained written approval from shareholders.

Earlier on October 31, 2019, PSA Group announced that it would merge with FCA Group and become the fourth largest auto group in the world.

However, the merger still requires the approval of the shareholders of both companies and the authorities of the host countries.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/28/dongfeng-group-approves-psa-and-fca-group-merger/.

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