The European Commission announced that it will investigate the merger between the French group PSA (Peugeot Citroën) and the Italian-American Fiat Chrysler, fearing that this operation will reduce competition over vans in Europe. ” Commercial vans are important for individuals, SMEs and large companies when it comes to delivering goods or providing services to customers, ” said European Competition Commissioner Margrethe Vestager .
Fiat Chrysler and Peugeot SA ( PSA ) ” with their large portfolio of makes and models ” have a ” strong ” position in many European countries in this regard , added Vestager, who will assess whether the proposal ” negatively affects ” competition in these markets.
In particular, the Community executive, guardian of competition, fears a reduction in competition in Belgium, Croatia, Slovakia, Slovenia, Spain , France, Greece, Hungary, Italy, Lithuania, Luxembourg, Poland, Portugal and the Czech Republic, as well as in the United Kingdom. In early May, the French group and its Italian-American rival confirmed their willingness to merge between late 2020 and early 2021, despite the effects of the new coronavirus, which could lead to the birth of the world number 4 in the sector.