Fiat sticks by terms of PSA deal after divided cut report

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Fiat Chrysler is considering options to reduce a planned cash payout to its shareholders which is part of its tie-up agreement with France's PSA ...

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MILAN: Fiat Chrysler said the terms of its merger with France's PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro cash pay-out to its shareholders.

Italian business newspaper Il Sole 24 Ore said that FCA could conserve cash by reducing the special dividend, possibly by handing shareholders assets as compensation. Options being considered include spinning off the Sevel van business, a 50-50 joint venture between the two groups, or FCA's Alfa Romeo and Maserati brands, Il Sole said.

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