A PYMNTS Company

Brazil OKs Fiat Chrysler, PSA $38 Billion Deal

By  |  November 8, 2020

Fiat Chrysler Automobiles and Peugeot maker PSA have won a green light from Brazil’s competition watchdog for their planned US$38 billion merger.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Brazil’s regulator, CADE, stated in a document on its website that it had approved the operation without restrictions.

    The two companies are set to win European Union’s approval for their merger, people close to the matter said last month, removing a major potential hurdle towards the closing of the deal and the creation of Stellantis, the world’s fourth largest carmaker.

    The two carmakers aim to complete the deal in the first quarter of 2021.

    The tie-up plan has already been cleared by several antitrust authorities around the world, including in the United States, China, Japan, and Russia.

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