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Deals

Peugeot family approves proposed MoU for PSA's planned merger with Fiat: source

FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe

LONDON (Reuters) - Entities representing the Peugeot family have approved a proposed Memorandum of Understanding for PSA's PEUP.PA planned merger with Fiat Chrysler FCHA.MI, a source familiar with the situation said.

The entities are Etablissements Peugeot Freres (EPF) and FFP.

Writing by Josephine Mason; editing by Jason Neely

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