By Cristina Roca

Fiat Chrysler Automobiles NV and Peugeot SA have decided not to distribute a dividend for 2019 this year, the companies said late on Wednesday.

The decision was made in light of the hit from the coronavirus, the companies said in a joint press release.

The two auto makers confirmed that preparations for their 50/50 merger are advancing well and that they expect the deal to close on schedule, meaning before the end of the first quarter of 2021.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

May 14, 2020 01:31 ET (05:31 GMT)

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