LONDON: The collapse of merger talks between Fiat Chrysler Automobiles and Renault marks a setback for a tight network of current and former Goldman Sachs' bankers who tried to convince the French political establishment to back the deal.
Cole was directly involved in the negotiations on behalf of Renault and had Goldman's chairman of investment banking, FX de Mallmann, as his counterpart representing FCA. The Goldman network had been expected to secure the backing of Macron's government before the deal became public, several sources said, adding Goldman deployed staff from its New York, Paris and London offices in a bid to win France's blessing.
Goldman declined to comment on this report, while Ardea Partners was not immediately available for comment.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fiat Chrysler withdraws merger offer for Renault[PARIS] Fiat Chrysler has withdrawn its US$35 billion offer to merge with Renault, a company spokesman confirmed on Wednesday, walking away from a deal that would have created a new automotive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.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Fiat Chrysler withdraws offer of merger with RenaultItalian-American carmaker Fiat Chrysler on Thursday said it had withdrawn a proposal for a merger with Renault, saying it would be unable to reach ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Fiat Chrysler withdraws merger offer for Renault, blames French politicsFiat Chrysler said it has abandoned its US$35 billion merger offer for Renault, blaming French politics for scuttling what would have been a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »