Fiat Chrysler might gain from playing an M&A waiting game. Already the subject of interest from Peugeot of France, the $24 billion carmaker could face a bid from a merged Renault-Nissan, the Financial Times reported on Wednesday. LJucca LiamWardProud
French carmaker Renault intends to restart merger talks with Japan’s Nissan Motor within 12 months, the Financial Times reported on March 27.Renault has a long-term partnership with Nissan and is 15 percent owned by the French government.
Shares in Renault were up 3.6 percent at 59 euros by 0930 GMT on March 27, while Nissan shares fell 3.5 percent to 925 yen. FCA shares were up 3.6 percent at 13.56 euros.
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