PSA and FCA display cheeky health as the Covid-19 pandemic has put the auto industry to the test.
The two fiancés, promised to celebrate their wedding at the end of the first quarter of 2021, finalized the terms of the contract on Wednesday.
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The boards of directors of the two groups finally approved that PSA sell up to 7% of the capital of its subsidiary Faurecia - in which it holds 46% of the capital - before the merger is completed.
The sale will be reserved for institutional investors and completed as of next Monday.
This is a change of foot from the scenario last September, which provided for a distribution from PSA in the equipment manufacturer to shareholders of the future group, after the closing of the merger.
The sale of 7% will prevent Stellantis, the name of the future giant, from actually having control of the equipment manufacturer after the operation.
This situation would have necessitated a further discussion with the competition authorities, which the two groups
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