For the Agnelli family already a loot of 800 million with mega Fca-Psa merger

The Agnelli family's fortune is shared among dozens of members. The current president of Fiat Chrysler, John Elkann, is a nephew of Gianni Agnelli, who died in 2003. Elkann was named as the future president of the new group that will come out of the merger between Fca and Psa and that will see Exor as the main shareholder with a share of around 14%.

Merger with the appetizer of a maxi-dividend

Before the completion of the merger between Psa Group and Fca, to which the two groups are working, FCA will distribute a special dividend of 5.5 billion euros to its shareholders, as well as its stake in Comau. Considering also the ordinary dividend, for shareholders in a year they will arrive coupons for 8.5 billion euros.
The plan relating to the business combination of Groupe Psa and Fca follows intense discussions between the management teams of the two companies. The proposed aggregation would give life to the fourth automotive manufacturer in the world in terms of units sold (8.7 million vehicles), with joint revenues of almost 170 billion euros and a current operating profit of over 11 billion euros, based on the aggregation of the results of 2018 and excluding Magneti Marelli and Faurecia. The creation of value resulting from the operation is estimated at around € 3.7 billion in short-term annual synergies. These synergies would derive mainly from a more effective allocation of resources for large-scale investments in vehicle platforms, propulsion systems and technologies and the greater purchasing capacity inherent in the new group size resulting from the merger. "These estimates of synergies – the two companies point out – are not based on any closure of plants. 80% of the synergies are expected to be reached after 4 years. The one-off cost to achieve these synergies is estimated at 2.8 billion ".