Fiat Chrysler Rejects Reports It Is Changing EUR5.5 Billion Dividend
July 03 2020 - 6:29AM
Dow Jones News
By Jessica Sier
Fiat Chrysler Automobiles NV has rejected press reports that it
is considering ways to reduce the planned 5.5 billion euro ($6.2
billion) special dividend, which is part of its merger with Peugeot
SA.
Italian newspaper Il Sole 24 Ore reported on Friday that the car
manufacturer may hand shareholders assets instead of cash,
following the global disruption caused by the coronavirus.
According to the newspaper, the car makers are also considering
spinning off the Sevel van business, which is already a 50-50 joint
venture, or Fiat Chrysler's Alfa Romeo and Maserati brands.
A spinoff could help address the European Union's competition
concerns in the van segment, however Fiat Chrysler denies the
reports.
"The structure and terms of the merger are agreed and remain
unchanged," a spokesman for Fiat Chrysler told Dow Jones
Newswires.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
July 03, 2020 06:14 ET (10:14 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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