Fiat Chrysler and Peugeot maker PSA have won a green light from Brazil’s competition watchdog for their planned $38 billion merger, the regulator said. Brazil’s CADE said in a document on its website that it had approved the operation without restrictions. In confirming the ruling, FCA and PSA said it was now expected to become final within 15 days under Brazilian law. The tie-up plan has already been cleared by several antitrust authorities around the world, including in the United States, China, Japan and Russia. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Source: The Express Tribune November 06, 2020 17:26 UTC