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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat Chrysler Automobiles    FCA   NL0010877643

FIAT CHRYSLER AUTOMOBILES

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Fiat Chrysler Automobiles : PSA calls supervisory board meeting for Tuesday for possible FCA deal review - sources

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12/12/2019 | 02:10pm EST
FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company's plant in Poissy, near Paris

French carmaker PSA could discuss a merger deal with rival Fiat Chrysler at a meeting of its supervisory board it has called for Tuesday, two sources familiar with the situation told Reuters on Thursday.

Peugeot SA - the maker of Peugeot and Citroen - and Fiat Chrysler (FCA) are finalising talks after they announced in October a plan for a $50 billion (£38.97 billion) tie-up that would create the world's fourth-largest automaker.

The sources said a planned Memorandum of Understanding between the two groups could be presented to the PSA board at Tuesday's meeting, but one of the sources also said details were not yet finalized and discussions were still ongoing.

A PSA spokesman declined to comment.

A third source close to the matter said the two groups were working to sign a deal before Christmas, possibly by the end of next week.

Both FCA and PSA have said they are confident of reaching a merger deal by year-end.

FCA Chairman John Elkann said last month, when a shock lawsuit from General Motors emerged, that it did not worry him and he was confident of signing a deal with PSA by the end of this year.

By Gilles Guillaume

Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES -2.36% 11.856 Delayed Quote.-7.97%
PEUGEOT -2.78% 18.735 Real-time Quote.-9.53%
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Financials (EUR)
Sales 2019 108 B
EBIT 2019 6 651 M
Net income 2019 3 441 M
Finance 2019 4 567 M
Yield 2019 5,29%
P/E ratio 2019 5,71x
P/E ratio 2020 4,31x
EV / Sales2019 0,13x
EV / Sales2020 0,13x
Capitalization 18 585 M
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Technical analysis trends FIAT CHRYSLER AUTOMOBILES
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 15,81  €
Last Close Price 11,86  €
Spread / Highest target 136%
Spread / Average Target 33,3%
Spread / Lowest Target -7,22%
EPS Revisions
Managers
NameTitle
Michael Mark Manley President, Chief Executive Officer & Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer Chief Financial Officer & Executive Director
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
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