Exclusive: FCA discusses improved Renault merger bid to win French backing

FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo

PARIS - Fiat Chrysler is discussing a Renault special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, sources close to the discussions said. The improved offer, if formalised and accepted, would also see the combined company’s operations headquartered in France and the French state granted a seat on its board, two people with knowledge of the matter told Reuters on Sunday.

FCA spokeswoman Shawn Morgan declined to comment. The French government, Renault’s biggest shareholder with a 15 percent stake, also declined to comment. A Renault spokesman did not immediately return calls and messages seeking comment. Italian-American FCA is engaged in intensive discussions with Renault and the French government over the $35 billion merger proposal it pitched last Monday to create the world’s third-biggest carmaker.

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Exclusive: FCA discusses improved Renault merger bid to win French backingFiat Chrysler is discussing a Renault special dividend and stronger job guarante... Fusion de Renault avec Fiat Chrysler, vers une nouvelle affaire Alstom ? Macron and his clique are quick to sell out French industry Y a 2 jours c’était non négociable, à prendre ou à laisser. La réalité c’est qu’un deal est vital à la survie de FCA, tandis que Renault n’a que très peu d’intérêt à accepter la mauvaise proposition de FCA en l’état
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

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Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

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