Deals
Fiat Chrysler Set for Renault Deal That May Lead to Merger
- Initial equity swap, operational ties may be announced Monday
- Current Renault partners Nissan, Mitsubishi could join later
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Fiat Chrysler Automobiles NV is poised to announce an operational tie-up with Renault SA as soon as Monday that could lead to a full merger of the French and Italian-American companies and create the world’s third-biggest automaker.
The deal could involve an initial exchange of equity, people familiar with the matter said, asking not to be identified because the discussions aren’t public. Renault’s existing alliance partners, Nissan Motor Co. and Mitsubishi Motors Corp., aren’t involved, although they would be invited at a later time to join forces with the merged Fiat-Renault, the people said.