FCA, PSA to introduce loyalty program in Stellantis

Friday, 20. November 2020 11:13

The prospectus for Fiat Chrysler's tie-up with French PSA shows that there will be a loyalty program for long-term investors in the newly created group. According to the offering, this scheme will be introduced in order to help prevent possible future takeover attempts.

Shareholders with shares of the newly merged group Stellantis in their portfolio might have a special voting share in addition to each common share in a period of three years.

In December, last year, Peugeot manufacturer PSA Group and Fiat Chrysler Automobiles signed their $50 billion merger of equals, creating the world's fourth-largest car manufacturer by volume and third by revenue.

Related Links: Peugeot S.A.Fiat Chrysler Automobiles N.V.
Breaking the News / TF