Groupe PSA’s Merger with Fiat Chrysler

On December 18, 2019, Peugeot S.A. (“Groupe PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) announced that they have entered into a definitive combination agreement to create the fourth largest global automotive manufacturer by volume and third largest by revenue. Upon completion of the transaction, Groupe PSA and FCA shareholders will each own 50 percent of the combined group’s Dutch‑domiciled parent company. Cravath is acting as U.S. counsel to Groupe PSA in connection with the transaction.

The Cravath team is led by partners George A. Stephanakis and G.J. Ligelis Jr., and includes practice area attorney Roberto Bruno and associates Nicoleta D. Lupea, Joanna Pak and Henri R. Simonet on M&A matters; partners Stephen L. Gordon and Christopher K. Fargo, senior attorney Andrew Carlon and associate Jiyeon K. Barta on tax matters; partner Eric W. Hilfers and associate Matthew J. Bobby on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Ryan S. Genkin and Hamza Sebti also worked on M&A matters.