Companies

CCI approves Peugeot and Fiat Chrysler merger

Our Bureau New Delhi | Updated on June 04, 2020 Published on June 04, 2020

The Competition Commission of India (CCI) has approved the proposed merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V.

The proposed combination pertains to merger between Peugeot S.A. (PSA) and Fiat Chrysler Automobiles N.V. (FCA).

PSA is a publicly listed limited liability company incorporated in France. It is the holding company of a French-based group, which is mainly an original equipment manufacturer and dealer of motor vehicles, passenger cars as well as light commercial vehicles under the brands Peugeot, Citroën, Opel, Vauxhall and DS, an official release said.

It also provides ancillary services such as financing solutions for the acquisition of motor vehicles and mobility services and solutions.

FCA is a public company, headquartered in London, and incorporated and organised under the laws of the Netherlands.

It is a global automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems worldwide, the release said.

Published on June 04, 2020
This article is closed for comments.
Please Email the Editor