# PSA Group and Fiat Chrysler confirm 50/50 merger plans

PSA Group and Fiat Chrysler Automobiles have confirmed plans to merge on a 50/50 basis, creating a combined entity with estimated synergies of €3.7 billion annually, with no plant closures expected.

- Type: Acquisition
- Announced: 2019-10-31
- Where: Netherlands
- Value: $50.0B
- Status: announced
- Products: vehicles, automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (partner)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (target)
- [PSA Group](https://endata.com/companies/19914.md) (acquirer)
- [PSA Group](https://endata.com/companies/19914.md) (partner)

## Sources

- [autocar.co.uk](https://www.autocar.co.uk/car-news/industry/psa-group-and-fiat-chrysler-confirm-merger-plans), 2019-10-31: "The two firms confirm 50/50 union to create one of world's largest automotive groups."
- [reuters.com](https://www.reuters.com/article/business/stronger-together-fiat-chrysler-and-peugeot-plan-worlds-no4-carmaker-idUSKBN1XA0S4/), 2019-11-01: "Fiat Chrysler and Peugeot owner PSA plan to join forces in a 50-50 share merger to create the world's fourth-largest automaker."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.