June 10, 2020 / 7:08 PM / a month ago

Fiat, PSA $50 bln merger faces lengthy EU antitrust probe -sources

BRUSSELS, June 10 (Reuters) - Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after they declined to offer concessions in a bid to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter said on Wednesday.

Fiat and PSA, which are seeking to create the world’s fourth biggest carmaker, were last week told their combined high market share in small vans was a worry for competition enforcers, other people familiar with the matter had told Reuters. (Reporting by Foo Yun Chee Editing by Chris Reese)

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