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HomeBusiness NewsFiat Chrysler considers 5 billion euro special dividend as part of potential deal with Peugeot: Bloomberg

Fiat Chrysler considers 5 billion euro special dividend as part of potential deal with Peugeot: Bloomberg

(Reuters) – Italian automaker Fiat Chrysler (FCAU.N) is considering a 5 billion euro ($5.56 billion) special dividend, as part of a potential combination with Peugeot owner PSA (PEUP.PA), according to a verified tweet by a Bloomberg reporter on Wednesday.

PSA would offload its stake in car parts supplier Faurecia as part of the potential deal, according to the tweet. (bit.ly/2Npbkof)

Talks between Fiat Chrysler and PSA over a potential tie-up that could create a $50 billion car giant gathered pace on Wednesday, with one source saying a deal could be announced as early as Thursday, Reuters reported.

($1 = 0.8993 euros)

Reporting by Sanjana Shivdas in Bengaluru; Editing by Shailesh Kuber