French state wants balanced shareholding in Renault/Fiat deal

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook - Copyright Rebecca Cook(Reuters)

By Reuters

Published on 29/05/2019 - 16:34•Updated 10/05/2024 - 16:33

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PARIS (Reuters) - The French state will seek guarantees for a balance between France and Italy in the future shareholders' pact sealed under a proposed merger between carmakers Renault and Fiat Chrysler, a government spokeswoman said on Wednesday.

"The French state, which is Renault's shareholder, will have certain demands such as not closing French industrial plants but also about a balance in the shareholders' pact that will eventually be inked," said spokeswoman Sibeth Ndiaye.