Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks

MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot-proprietor PSA (PEUP.PA) told their representatives they would consent to a coupling merger arrangement in coming weeks.

In two separate interchanges through inner channels, acquired by Reuters on Tuesday, the two gatherings told representatives that in excess of 50 individuals were engaged with the procedure.

Nine working gatherings were set up, drove by FCA Group Treasurer and Global Head of Business Development David Ostermann, and by PSA Executive Vice President Program and Strategy Olivier Bourges, the records included.

FCA Chariman John Elkann a week ago said he was not stressed by a stun claim from General Motors (GM.N) and that he was certain of arriving at a coupling merger manage Peugeot proprietor PSA before the current year’s over.

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