One more step in the merger project between PSA and FCA.
After the green light from the European Union, the shareholders of the French car manufacturer approved, Monday, January 4, with almost unanimous votes the plan to eventually give rise to Stellantis, the world's fourth largest automotive group by volume sales.
During an online general meeting, shareholders approved more than 99.8% of the three resolutions concerning the merger.
Its effective date must be announced "very quickly", according to the chairman of the board of PSA and future CEO of Stellantis, Carlos Tavares.
A first general meeting bringing together shareholders with double voting rights had also validated the merger earlier Monday morning.
"I have rarely had the feeling as much as today to live a moment of history", declared the emblematic chairman of the supervisory board of PSA, Louis Gallois, who is retiring following this merger. .
Carlos Tavares justified the operation by the need to share the costs in the face of the energy transition, and to have a more balanced global base with access to American markets.
The reference shareholders of PSA (the Peugeot family, the Chinese group Dongfeng and the French State) had already given their blessing to this merger in advance.
With AFP
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