Renault weakened after the failure of the marriage with Fiat

thunder unexpected. The merger between Renault and Fiat Chrysler Automobiles (FCA) will not take place. After six hours of meeting on Wednesday evening, the boa

Renault weakened after the failure of the marriage with Fiat

thunder unexpected. The merger between Renault and Fiat Chrysler Automobiles (FCA) will not take place. After six hours of meeting on Wednesday evening, the board of directors of Renault, who had to authorize the opening of exclusive negotiations, has not been able to take a decision because of "the wish expressed by the representatives of the French State to postpone the vote to a board later". The reason for this? Forbearance predictable of directors appointed by Nissan. Bercy wanted to take the time to convince them to approve the transaction.

Offer withdrawn

the FCA has not left this time, immediately removing his offer of a merger, believing that "the political conditions in France are not currently met for a business combination can be completed". This blow is all the more surprising that the negotiations between the French State and FCA were allowed to move forward on many of the points put forward by Bruno Le Maire, the French minister ...

Updated Date: 09 June 2019, 00:00

Kathleen Lees

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