Deals
Renault Board Delays Vote on Fiat After Deal Hits Resistance
- Partner Nissan said likely to hold back support for proposal
- Possible payout to Renault shareholders under discussion
A Renault Scenic automobile stands on display inside a Renault SA showroom in Paris, France, on Tuesday, Nov. 20, 2018.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
Renault SA’s board postponed a decision on Fiat Chrysler Automobiles NV’s proposed merger, extending discussions for a second day after its partner Nissan Motor Co. put up resistance to the deal.
Directors of the French automaker “decided to continue to study with interest the opportunity of such a combination and to extend the discussions,” Renault’s board said Tuesday in a statement. Another meeting is scheduled for late Wednesday, it said.