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Reuters exclusively reports French want PSA-Fiat board guarantee in $50 billion merger

Reuters exclusively reported that French shareholders in the planned merger of PSA and Fiat Chrysler are seeking reassurances that they will retain a numerical advantage on a combined board if CEO Carlos Tavares leaves. The two companies are finalizing talks after announcing a plan for a $50 billion merger of equals in October that would create the world’s fourth-largest automaker.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Europe / Middle East / Africa