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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.  

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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:

China holds key to the future success of Stellantis 

EU approves FCA/PSA merger for Stellantis

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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