Fiat Chrysler board to meet Tuesday on proposed Peugeot deal - sources

 Fiat Chrysler board to meet Tuesday on proposed Peugeot deal - sources

MILAN/PARIS (Reuters) - The board of Fiat Chrysler Automobiles NV is expected to meet on Tuesday afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA, sources said on Monday.

Peugeot's board is also expected to meet on Tuesday afternoon, and is expected to consider a memorandum of understanding to formalise a proposed $50 billion combination of the two European automakers, sources have said.

(Reporting By Gilles Guillaume and Giulio Piovaccari; Editing by Sandra Maler)

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Updated Date: Dec 17, 2019 05:07:22 IST