Elite Firms Steer Fiat Chrysler and Peugeot to $50B Merger
The merger is expected to create the world's fourth largest automotive company with combined revenues of €170 billion.
October 31, 2019 at 08:51 AM
2 minute read
Linklaters, Bredin Prat and Sullivan & Cromwell are among the firms advising as automotive giants Fiat Chrysler Automobiles and Peugeot SA Group propose to merge into a $50 billion enterprise.
According to an announcement made jointly by the companies today (October 31), the merger would see each carmaker take a 50% stake in the combined enterprise, which will create the fourth-largest auto manufacturer in the world, selling nearly nine million vehicles annually, the carmakers said.
The new company is expected to deliver combined revenues of about €170 billion and a market cap of about $50 billion, according to Bloomberg.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250