Merger of FCA and Groupe PSA approved

Europe
Published:  06 January, 2021

Fiat Chrysler Automobiles and Groupe Peugeot have announced that their respective shareholders approved their merger to create Stellantis by an overwhelming majority.

According to FCA and PSA, more than 99% of the votes cast by the shareholders were in favour of the transaction. During their respective meetings, the shareholders also approved merger related matters, including adoption of the Stellantis’ Articles of Association and appointment of the previously announced members of the Board of Directors of Stellantis, in each case effective as of the date following completion of the merger.

Following the approval by shareholders and receipt of the final regulatory clearances, including notably from the European Commission and the European Central Bank, FCA and Groupe PSA expect to complete the combination on January 16, 2021. Stellantis’ common shares are to begin trading on the Euronext in Paris and on Mercato Telematico Azionario in Milan on January 18, and on the New York Stock Exchange on January 19.