Fiat Chrysler Automobiles (FCA)
surged 3.5% on the Milan bourse on a Financial Times report that
Renault might be interested in the Italo-American carmaker after
a possible merger with Nissan.
The FT said Renault is aiming to restart talks with Nissan
within 12 months aimed at merging the two car groups, which are
already allied, and then buy another group, with FCA one of the
preferred targets.
The reported plan is part of a new strategy, adopted after
the arrest of the former Renault no.1 Carlos Ghosn and the
appointment of a new president, Jean-Dominique Senard, at the
head of the Franco-Japanese carmaker.
FCA did not comment on the report.
Analysts highlighted a number of potential obstacles to a
possible hook-up, with Mediobanca saying, for instance, that
Renault on its own "does not have the firepower to launch an
offer for FCA", and there would be objections from the French
government.
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