Fiat Chrysler to withdraw its merger offer to Renault, the politics in France have between them a moment. Now, French government circles, which, of course, see very different comment. The investors react in anyway disappointed.
Fiat Chrysler lost in Milan to kick off nearly four percent. For Renault, it went down in Paris by approximately seven percent to 52,22 EUR. Thus, the papers of the French to move again near the lowest levels since the autumn of 2014, after the hope of a merger with Fiat, Chrysler had driven them recently the mark of 58 to the Euro. Overall, the rate of losses from falling so far, but not quite as dramatic as it had pre-market the appearance.
for More price information about Nissan
Further course information, to Fiat Chrysler"Something went wrong"
In a first reaction, expressed the information to Renault
More rates the analysis in-house RBC to burst Deal: The professionals leave the classification for Renault to "Top Pick" with a target price of 76 euros. The Renault share is likely to yield now, but not to the degree that you had previously risen in the Wake of the message to the possible merger, wrote Analyst Tom Narayan. In the past few days, the value potential of the Renault had become-share significantly. The expert stressed the positive dynamics of a merger of the two car manufacturers and holds a concentration as not completely excluded. However, it is apparently difficult to win the French state for such a Deal.
other colleagues speculate about the motivations for Fiat withdrawal. The Deal had sounded after the solution of all the problems for Fiat in Europe, wrote Max Warburton of Bernstein Research, and since the merger had been plans nearly two weeks ago, both from Turin, or from Paris concurring Statements. But something had apparently gone wrong - was it that the French government had changed their mind, or the Renault Partner Nissan, suddenly, the cross was made. Maybe both is even the reason."Take it or leave it"
Last night had pulled back the FCA to be offering, "with immediate effect" surprisingly, after Renault had hesitated at the request of the French state, the offer of talks at all. Now there was also a statement from French government circles. There you see the debt in the case of the Italian-American car maker. There was no good reason for the offer in such a rush to withdraw.
since the beginning of the talks, have carried on FCA massive time pressure and tried to make the negotiations following the approach of "take it or leave it" ("take it or leave it") to lead. The French side have made it clear that they could not be in such a way to put pressure on the circuits.
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