Deals
Italy Open to Taking Stake in Fiat in Possible Renault Deal
- League lawmaker says government not ruling out an investment
- Any stake conditional on impact on economy, jobs, Geraci says
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Italy would be open to taking a stake in the proposed merger between Renault SA and Fiat Chrysler Automobiles NV, as long as the deal triggers economic benefits for the country, a government undersecretary said.
“Our government is open to investment, provided that this brings a positive impact in terms of economic growth and jobs for our citizens,” the rightist League’s Michele Geraci, who works at the economic development ministry, told Bloomberg Television when asked about Italy investing in the possible new entity.