the head of the company Peugeot, a member of the conglomerate PSA, Carlos Tavares, said on Thursday that he was confident that the merger of the French automaker and Fiat Chrysler (FCA) will take place as planned.
"the Timetable for the merger with FCA strictly enforced," said Tavares at the annual meeting of shareholders of PSA.
He added that he was confident that the deal will be completed in the first quarter of 2021, "not later."
Commenting on the expected synergies from the transaction, he said that the 3.7 billion Euro is the minimum that can be achieved.
last week, the Antimonopoly bodies of the European Union began a four-month investigation of the proposed merger in the amount of $ 50 billion, saying it could harm competition in the small vans in 14 EU countries and the UK.
Two automaker refused to offer concessions to allay concerns of the regulator of the EU during the pre-processing of the transaction.
the Deal has already received the approval of antitrust authorities in the United States, China, Japan and Russia.
In December 2019 of FCA and PSA signed an agreement to merge on an equal footing. Shareholders will own 50% stake in the new combined group.
Fiat was founded in 1899 and produces cars Fiat, Lancia, Alfa Romeo, Abarth, Ferrari and Maserati. Peugeot is the second largest manufacturer in Europe, established in 1976.
