FCA had proposed locating the combined group's operational head office in a neutral city, most likely London, but has now indicated readiness to base it in the greater Paris area, meeting a key French government demand, both sources said.
The French government is also likely to be granted a seat on the board to reflect its 7.5% stake in the merged company, they said. Nissan, whose matching 15% stake in its French alliance partner will also be diluted to 7.5% of the new group, receives a board seat under the plan unveiled on May 27. Guarantees to maintain Renault's French blue-collar jobs and industrial sites would also be extended to four years from the two initially proposed under the compromise being discussed, the sources added.
Both France's pro-business government and Italy's populist administration back the merger in principle, but fraught relations between the two could yet derail the deal if one side feels disadvantaged.
Belgique Dernières Nouvelles, Belgique Actualités
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