October 30, 2019 / 9:54 AM / 16 days ago

Italy government following tie-up talks between FCA and Peugeot: minister

FILE PHOTO: Stefano Patuanelli arrives at Quirinale Presidential Palace, before being sworn in as Italy's minister of economic development, in Rome, Italy September 5, 2019. REUTERS/Ciro de Luca

ROME (Reuters) - The Italian government is following talks between Fiat Chrysler (FCHA.MI) and Peugeot owner PSA (PEUP.PA) over a possible tie-up, Industry Minister Stefano Patuanelli said on Wednesday.

Patuanelli told reporters he could not comment further since a potential merger of the two was “a market operation”.

The two carmakers said earlier on Wednesday they were holding discussions aimed at creating one of the world’s leading auto groups.

Reporting by Giulia Segreti, writing by Stephen Jewkes, editing by Valentina Za

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