Combination Agreement Psa Fca

PARIS — As part of its merger agreement with Fiat Chrysler Automobiles, PSA Group has bought 10 million of its own shares from its Chinese partner Dongfeng Motor, which took a significant stake in the French automaker in 2014. Carlos Tavares, Chairman of the Board of PSA Group, commented on the change of agreement: „With this new milestone, we are moving together towards our goal in the best possible condition and with even greater prospects for Stellantis. I would like to take this opportunity to warmly thank the teams that have established mutual trust, including during the captivity of COVID-19. The human factor is at the heart of the dynamics of such a project, with the support of our shareholders, who have once again demonstrated their commitment to creating stellantis. At the same time, PSA announced an amendment to the merger agreement that invited PSA to repurchase a total of 30.7 million shares in Dongfeng by December 31, 2020. Instead, the additional 20.7 million shares can now be sold to „PSA or a third party“ and if these transactions are not completed by December 31, the shares must be „sold by the DFG to one or more third parties before the end of 2022.“ The companies announced that a new milestone had been taken in this regard on 27 October, when their respective boards of directors signed the cross-border terms of the merger applicable to the merger. Actual results may differ materially from those expressed in the forward-looking statements due to a number of factors, including: the effects of the COVID 19 pandemic, the ability of PSA and ACF and/or the combined group resulting from the proposed transaction (with the parties, the „companies“), to successfully market new products and maintain the vehicle`s shipping volume; changes in global financial markets, the general economic environment and changes in demand for cycosity-subject automotive products; changes in local economic and political conditions, changes in trade policy and the introduction of global and regional tariffs or tariffs on the automotive industry, the adoption of tax reforms or other changes in tax legislation and regulations; The ability of companies to expand some of their brands around the world; The ability of companies to offer innovative and attractive products; The ability of companies to design, manufacture and sell vehicles with expanded features such as improved electrification, connectivity and autonomous driving features; different types of claims, remedies, administrative investigations and other contingencies, including rights to liability for fact and security, as well as environmental rights, investigations and legal actions; Essential operating expenses related to compliance with environmental, health and safety rules; High levels of competition in the automotive industry, which may increase as a result of consolidation; failure to cover deficits in the financing of parties` defined benefit pension plans; the ability to provide or provide appropriate financing to merchants and individuals and the associated risks associated with the creation and operation of financial services businesses; The ability to access financing to execute business plans and improve their operations, financial situation and results; a significant malfunction, malfunction or security breach affecting computer systems or electronic control systems contained in company vehicles; The ability of companies to realize the expected benefits of joint venture agreements; disruptions due to political, social and economic instability; The risks associated with our relationships with employees, distributors and suppliers increased costs, supply disruption or shortage of raw materials; changes in labour and labour relations and changes in applicable labour law; changes in exchange rates, changes in interest rates, credit risks and other market risks; political and civil unrest; we tremble