Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 5, 2021

PSA and FCA shareholders approve merger

The merger between PSA and FCA to create 'Stellantis' has been approved by PSA's major shareholders at a special shareholder meeting today.

By Sam Duke

The merger between PSA and FCA to create ‘Stellantis’ has been approved by PSA and FCA shareholders. More than 99% of respective shareholders voted in favour of the transaction.  

In a statement, the companies said that they expect  to complete the combination on January 16, 2021. Stellantis’ common shares will begin trading on the Euronext in Paris and on Mercato Telematico Azionario in Milan on Monday, January 18, 2021, and on the New York Stock Exchange on Tuesday, January 19, 2021.

The new automaker group will be called Stellantis and will bring familiar brands such as Peugeot, Citroen, Fiat, Dodge, Jeep, Opel (and Vauxhall in the UK), Alfa Romeo and Maserati under the same leadership. The merger will reduce costs for both groups thanks to platform and component sharing, and joint R&D expenditure.

The EU had competition concerns centred on the two companies’ dominant position in the European light commercial vehicle market, but approved the merger in December. Peugeot agreed to extend an existing cooperation deal with Toyota that should keep the van market open, while repair and maintenance services need to be accessible to competitors after the merger goes through.

When it is completed, the merger will create the 3rd largest global car company by revenues and 4th largest by volume. However, analysts say there is a lot of work ahead to unlock synergies, rationalise operations and create value in the bigger corporation.

See also:

Content from our partners
Collaboration: the key to designing better EV battery packs
Navigating the lithium battery value chain
Teamwork: Making the EV dream reality

China holds key to the future success of Stellantis 

EU approves FCA/PSA merger for Stellantis

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy