By Jessica Sier 
 

Fiat Chrysler Automobiles NV has rejected press reports that it is considering ways to reduce the planned 5.5 billion euro ($6.2 billion) special dividend, which is part of its merger with Peugeot SA.

Italian newspaper Il Sole 24 Ore reported on Friday that the car manufacturer may hand shareholders assets instead of cash, following the global disruption caused by the coronavirus.

According to the newspaper, the car makers are also considering spinning off the Sevel van business, which is already a 50-50 joint venture, or Fiat Chrysler's Alfa Romeo and Maserati brands.

A spinoff could help address the European Union's competition concerns in the van segment, however Fiat Chrysler denies the reports.

"The structure and terms of the merger are agreed and remain unchanged," a spokesman for Fiat Chrysler told Dow Jones Newswires.

 

Write to Jessica Sier at jessica.sier@wsj.com

 

(END) Dow Jones Newswires

July 03, 2020 06:14 ET (10:14 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Peugeot (EU:UG)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more Peugeot Charts.
Peugeot (EU:UG)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more Peugeot Charts.