Renault Board reviewing FCA's merger proposals

Jun 4, 2019   OEM

Renault's Board of Directors met on June 4 to review in detail the elements of the proposal received from FCA (Fiat Chrysler Automobiles) on May 27 for a potential 50/50 merger between Renault S.A. and FCA.

Sources at the French carmaker's offices told us that the Board of Directors has decided to continue to study with interest the opportunity of such a combination and to extend the discussions on this subject.

There will no doubt be some complex negotiations within Renault and its Alliance partners, and also with the French government, who have a share in the carmaker, a share that could be diluted if a merger goes ahead.

 

The Board will meet again on Wednesday, June 5 at the end of the day.

Don't miss out

Be the first to know about the latest news in the automotive and transportation industry, through our weekly mailer and bi-monthly publications.

Subscribe
Three6Zero
Automotive Purchasing and Supply Chain
New Mobility
Automotive Global Awards
Automotive Leaders Summit
Future Logistics
Automotive Purchasing and Supply Chain | Three6Zero Ltd© 2004-2019