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Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of December.
The two automakers explained last week that they planned to join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.
According to agency reports, they aim to reach a binding deal on the $50 billion merger.
“This means the final agreement should be signed by early December, or by Christmas at the latest.”
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