Paris (AFP)
Peugeot-Citroën (PSA) shareholders on Monday approved the merger of the French group with Fiat-Chrysler (FCA) to form Stellantis, the world's 4th largest automotive group.
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.
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.
© 2021 AFP