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Fiat-Chrysler withdraws merger offer with Renault

Fiat-Chrysler has withdrawn its offer for a merger with Renault in the face of indecision from Renault’s public shareholder. After the inability to anticipate & mitigate the Carlos Ghosn risk, another sign that the French government as a shareholder is on top of things…

FCA Fiat Chrysler Auto: “it has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully.

Nissan Motor: “It is not a matter of supporting or opposing the merger but a matter of Renault, our partner and shareholder, becoming a different company.

Renault: “The Board of Directors was unable to take a decision due to the request expressed by the representatives of the French State to postpone the vote.

Arcelor-Mittal, Technip-FMC, Alcatel-Lucent-Nokia, Alstom-General Electric, STX-Fincantieri, Alstom-Siemens, etc… Where does it stop ?

https://asia.nikkei.com/Business/Business-deals/Fiat-Chrysler-withdraws-Renault-merger-proposal

Picture credits: Reuters

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