The European Commission decided on Wednesday 17 June to open an in-depth investigation to assess the proposed merger of the automotive companies Fiat Chrysler Automobiles N.V. (‘FCA’) and Peugeot S.A. (‘PSA’) under EU merger rules.
The Commission is concerned that the proposed transaction could reduce competition for light commercial vehicles (vans) below 3.5 tonnes in the European Economic Area (EEA) and, more specifically, in 14 EU countries (Belgium, Croatia, Czech Republic,...