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BREAKING NEWS

BREAKING NEWS

French state wants balanced shareholding in Renault/Fiat deal

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 -
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Rebecca Cook(Reuters)
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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.

(Reporting by Jean-Baptiste Vey, Elizabeth Pineau; Writing by Dominique Vidalon; Editing by Sudip Kar-Gupta)

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