BRUSSELS, June 8 — EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA’s combined high market share in small vans and may require concessions to clear their US$50 billion (RM213.3 billion) merger, people familiar with the matter said. The companies, which are...
Monday, 08 Jun 2020 05:58 PM MYT
BRUSSELS, June 8 — EU antitrust regulators are concerned about Fiat Chrysler and Peugeot car maker PSA’s combined high market share in small vans and may require concessions to clear their US$50 billion merger, people familiar with the matter said. If Fiat and PSA fail to dispel the European Commission’s doubts in the next two days and subsequently decline to offer concessions by Wednesday, the deadline for doing so, the deal would face a four-month long investigation.
Hiving off overlapping businesses, usually a regulatory demand to ensure more competition, could prove tricky for the carmakers because of the technicalities.
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