FCA snaps on the stock market on rumors relating to the possible merger with PSA (Peugeot). After an opening up 0,4%, the stock warms up as the minutes go by and reaches the top of the Ftse Mib with an increase of 3,3% to 13,198 euros. Volumes are very high: over 4 million pieces have already changed hands compared to a daily average of 10,6 million. A performance that clearly beats the market (Ftse Mib +0,4%), which however raises its head thanks to the good news on the German Ifo index.
As mentioned, the rumors relating to the possibility are pushing purchases on FCA alliance with the French of Psa. If on the one hand there are those who say that the talks have cooled off, on the other the Financial Times publishes some unpublished news. Indeed, according to the English newspaper, the president John Elkann Elkann would not only be open to evaluating an aggregation, but he would even have given the input to the negotiations. Elkann would also have had contacts with Korean and Chinese groups.
At the basis of the manager's moves there would be the will to reduce the share of the Agnelli family in the automotive group.
In this context it should be remembered that the Wall Street Journal reported a completely opposite version: FCA would have rejected the approaches attempted by PSA earlier this year because a possible agreement would have included a payment in shares, a hypothesis not appreciated by the Agnelli family, and due to doubts regarding the excessive exposure to the new entity's European market.
