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Fca in deep red in Piazza Affari, it gets worse and more than 5% lose in a session in which the auto sector is not among the most penalized. The stock has come to lose over 8% after several stops in volatility. Exor also fell, after starting positively. According to the operators, the rumors reported by Il Sole 24 Ore weigh on the performance of FCA, according to which, if the merger with PSA remains confirmed despite the current market conditions, the times could be longer given the coronavirus emergency.
The assemblies for the merger towards the postponement “The times will hardly be respected with the result that the marriage and with it the assemblies that must formally approve the merger could slip compared to the terms initially established and set by the end of the year” the newspaper. “And with the postponement of the shareholders’ meetings – they add from an operating room – the dividends foreseen by the operation for shareholders also slip.” In fact, between ordinary and extraordinary coupons, FCA will distribute 6.6 billion euros. In Paris Peugeot loses almost three percentage points.
(Il Sole 24 ore Radiocor)