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Merger between Peugeot S.A and Fiat Chrysler Automobiles N.V.

CCI approves proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V.

The Competition Commission of India (CCI) approves the proposed merger between Peugeot S.A and Fiat Chrysler Automobiles N.V. The proposed combination pertains to a 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. 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 with limited liability, headquartered in London and incorporated and the 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 detailed order of the CCI will follow.

Source
PIB

TaxClue Team

Taxclue is an online news portal for reporting all news, articles, judgments, Circulars, orders, and notifications relating to various corporate and tax laws in India. We use the tagline ‘Simplifying Laws’. Our mission is to Simplify the Laws and make people aware of their rights and duties in relation to tax matters in order to equip them to participate in nation-building. TaxClue is a team of young professionals. We started in December 2016 with the mission of knowledge sharing. TaxClue would like to hear your valuable suggestion. Please write to our editorial team at info@taxclue.in

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