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France: No need to hurry Renault-Fiat merger says finance minister

By  |  June 5, 2019
According to Reuters French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between carmakers Renault and Fiat Chrysler, while reiterating that he nevertheless wanted the deal to go ahead.

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    “We should take our time to make sure that things are done well,” Le Maire told BFM TV on Wednesday, regarding the merger talks.

    “We want to do this merger,” he added, also stating that the government wanted guarantees over the new entity’s jobs, having a headquarter in Paris and corporate governance.

    A compromise over French influence could clear the way for Renault’s board to approve a framework deal and begin the long process of a full merger.

    Full Content: Reuters

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