Fiat Chrysler withdraws offer of merger with Renault

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 66%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach ...

PARIS: Italian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach an agreement with the French government.

Fiat Chrysler "remains firmly convinced" of the interest of its offer but"political conditions do not currently exist in France to carry out such an arrangement", it said in a statement.French automaker Renault announced earlier that its board of directors had not made a decision following a crunch meeting held at the request of the French state, the biggest shareholder in Renault with a 15 per cent stake.

At Wednesday evening's board of directors vote at Renault's headquarters near Paris, all the directors were for the merger, apart from a representative of employees affiliated with the powerful CGT union and two representatives of Nissan - a long-time Renault partner - who abstained, the source added.The two directors appointed by Nissan, however, asked"to write in the minutes that they would say yes with a little more time".

Fiat Chrysler said:"FCA remains firmly convinced of the compelling, transformational rationale of a proposal that has been widely appreciated since it was submitted, the structure and terms of which were carefully balanced to deliver substantial benefits to all parties. "However it has become clear that the political conditions in France do not currently exist for such a combination to proceed successfully."

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 6. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Fiat Chrysler withdraws merger offer for RenaultPARIS: Fiat Chrysler said on Wednesday (Jun 5) it was withdrawing its US$35 billion merger offer for Renault, calling off what would have been a ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Fiat Chrysler withdraws merger offer for Renault[PARIS] Fiat Chrysler has withdrawn its US$35 billion offer to merge with Renault, a company spokesman confirmed on Wednesday, walking away from a deal that would have created a new automotive giant. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Renault and Fiat Chrysler stuck over merger terms: ReportPARIS: Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

FCA, France reach tentative agreement on Renault merger: sourcesFiat Chrysler has reached a tentative agreement with France on the terms of its proposed merger with Renault, two sources told Reuters, as the ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Nissan would review Renault ties after FCA merger: CEONissan would carry out a 'fundamental review' of its relationship with alliance partner Renault if it accepted a merger proposal from Fiat ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Fiat Chrysler withdraws merger offer for RenaultPARIS: Fiat Chrysler said on Wednesday (Jun 5) it was withdrawing its US$35 billion merger offer for Renault, calling off what would have been a ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Fiat Chrysler withdraws merger offer for Renault[PARIS] Fiat Chrysler has withdrawn its US$35 billion offer to merge with Renault, a company spokesman confirmed on Wednesday, walking away from a deal that would have created a new automotive giant. Read more at The Business Times.
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Renault and Fiat Chrysler stuck over merger terms: ReportPARIS: Talks between Fiat Chrysler and Renault have hit a roadblock over the financial terms of the proposed merger between the Italian-US and ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »