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EU regulators to decide on Fiat-PSA deal by February 2 - Metro US

EU regulators to decide on Fiat-PSA deal by February 2

FILE PHOTO: FILE PHOTO: A Fiat Chrysler Automobiles sign at the U.S. headquarters in Auburn Hills, Michigan

BRUSSELS (Reuters) – EU antitrust regulators will decide by Feb. 2 whether to clear Fiat Chrysler (FCA) <FCHA.MI> and French partner PSA’s <PEUP.PA> merger, a filing on the European Commission website showed on Thursday.

After a two-month halt, the European Commission resumed its investigation of the deal after the companies provided data which it had requested.

Peugeot maker PSA has offered to make changes to its van joint venture with Japan’s Toyota <7203.T> to try to allay EU antitrust concerns about its plan to create the world’s fourth-biggest carmaker with Fiat Chrysler (FCA), people familiar with the matter told Reuters.

The EU executive will now seek feedback from rivals and customers before deciding whether to accept the offer or demand more.

(Reporting by Foo Yun Chee; editing by Jason Neely)

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