Fiat blames the French state for the failure of Renault's negotiations



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June 6 – Fiat Chrysler Automobiles NV abruptly withdrew its offer to merge with Renault SA after the board of directors of the French manufacturer, which is about to approve the transaction, postpones its decision a second time. The French state, Renault's largest shareholder and the main spokesperson for the board of directors, suddenly demanded that the deliberations be postponed. Tommaso Ebhardt of Bloomberg reports from Milan on "Bloomberg Surveillance".

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