Brief: Exor confirms support for Fiat Chrysler-PSA merger

Peugeot Invest SA

20/05/2020 16:38

May 20 (Reuters) - Exor NV  EXOR.MI  says in a presentation
to analysts:
    * CONFIRMS ITS SUPPORT ALONGSIDE FFP TO CREATION OF STRONGER
GROUP
BY MERGING FCA AND PSA TO WIN THE CHALLENGES OF FUTURE
SUSTAINABLE MOBILITY -SLIDE
    * COMBINED FCA-PSA ENTITY STRONGLY POSITIONED TO CAPTURE
OPPORTUNITIES IN THE CHANGING  AUTOMOTIVE LANDSCAPE - SLIDES
    * FULLY SUPPORTS CNH INDUSTRIAL LONG TERM PLAN TO CREATE TWO
MORE
FOCUSED GLOBAL COMPANIES - SLIDES
    * CASH TO GROW TO 500 MILLION EUROS AT END 2020 FROM 423
MILLION
EUROS AT END 2019 - SLIDES
    * NEXT 10 YEARS' PRIORITIES INCLUDE GENERATING FREE CASH
FLOW IN
EXCESS OF DIVIDENDS - SLIDES
    * PRIORITIES FOR NEXT 10 YEARS UNCHANGED, INCLUDE ACQUIRING
NEW
COMPANIES - SLIDES
    * GROSS DEBT AMOUNTS TO ABOUT 4.2 BILLION EUROS - SLIDES

Further company coverage:  EXOR.MI 

 (Reporting by Milan newsroom)