Il Sole reported that talks were at a very early stage and no decision had been taken, adding the that aim was to keep the 5.50 billion euro value of the special dividend but to turn its"nature" from cash to assets.
Although this does not bar FCA from paying the dividend, as it is not due until 2021 and would be paid by Dutch parent company Fiat Chrysler Automobiles NV, Italian politicians have called into question such a large cash pay-out. Sevel, which produces vans in Atessa's plant in central Italy, Europe's largest van assembly facility, could be valued between 2.5 and three billion euro, Il Sole said.
This option looks however complicated, Il Sole said, as it would require PSA transferring its 50 per cent stake in Sevel to FCA.
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