PSA shares fall as Fiat proposes merger to rival Renault

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PARIS (Reuters) – Peugeot-maker PSA’s shares fell on Monday, which some analysts put down to the fact that Fiat had chosen to seek a merger with Renault rather than PSA.

“Near term, both Renault and FCA shares should perform well today while Peugeot, previously seen as the top candidate for a tie-up with FCA, should underperform,” wrote brokerage Oddo in a note.

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May 2019
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