A PYMNTS Company

EU To Decide On Fiat-PSA Deal By February

By  |  October 1, 2020

EU antitrust regulators will decide by Feb. 2 whether to clear Fiat Chrysler and French partner PSA’s merger, a filing on the European Commission website showed.

After a two-month halt, the European Commission resumed its investigation of the deal after the companies provided data which it had requested, reported Reuters.

Peugeot maker PSA has offered to make changes to its van joint venture with Japan’s Toyota to try to allay EU antitrust concerns about its plan to create the world’s fourth-biggest carmaker with Fiat Chrysler (FCA), people familiar with the matter told Reuters.

The EU executive will now seek feedback from rivals and customers before deciding whether to accept the offer or demand more.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.