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Fiat-Chrysler has withdrawn its offer for a merger with Renault in the face of indecision from Renault’s public shareholder.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

Nicolas Michelon

Nicolas is a corporate geoeconomics and strategic & business intelligence expert with 25 years of experience in the Asia-Pacific, and more recently in the Gulf and Türkiye. A Managing Partner at Alagan Partners, he advises corporate executives on how to navigate the current geopolitical and geoeconomic environment, mitigate risk and develop prospective scenarios. He is also an Adjunct Professor & Guest Lecturer in geopolitics, geoeconomics and business intelligence at ESCP Business School (France), Galatasaray University (Türkiye), University Mohammed VI Polytechnic (Morocco), and Ecole de Guerre Economique (Paris School of Economic Warfare).