Bruno Le Maire: We do not want to take any risk, nor for the Alliance, neither Renault

LE FIGARO. - After a board of directors of Renault long and complicated Wednesday night, FCA withdrew its offer proposing a merger. Who is responsible for this

Bruno Le Maire: We do not want to take any risk, nor for the Alliance, neither Renault

LE FIGARO. - After a board of directors of Renault long and complicated Wednesday night, FCA withdrew its offer proposing a merger. Who is responsible for this failure?

Bruno THE MAYOR. - of the FCA, has made the choice to withdraw its offer. I respect his choice. This transaction represented a great opportunity industrial. This continues to be true. But the State, reference shareholder of Renault, had established conditions that must all be met. We have been clear from the start. We wanted commitments on the preservation of employment and industrial sites. What are the prospects of consolidation in the future, we will be there to protect employment and industrial sites in France. We ask also warranties on the governance of the future group, and we wanted to participate in the program of the electric batteries. On these three points, the negotiations had been successful. We had well advanced.

But the first one of our requirements was that this merger was done within the framework of ...

Updated Date: 07 June 2019, 00:00

Kathleen Lees

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