The transaction would be structured as a 50-50 ownership through a Dutch holding company, Fiat said on Monday. Renault shareholders, including the French government, would get an implied premium of about 10 per cent. In a statement, Renault’s board said it would study what it called a “friendly” proposal.
The car makers are moving ahead without Renault’s 20-year partner, Nissan, and Mitsubishi Motors, the other member of their troubled alliance. Fiat has...
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