June 10, 2019 / 9:16 AM / 6 months ago

Renault-FCA merger idea remains good opportunity: France's Le Maire

France's Finance Minister Bruno Le Maire answers a question during a news conference of the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 9, 2019. Toshifumi Kitamura/Pool via REUTERS

TOKYO (Reuters) - The idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good opportunity, but nothing has changed in terms of the conditions the French government has set, French Finance Minister Bruno Le Maire said on Monday.

Le Maire made the comment in Tokyo, where he is visiting after a weekend meeting of G20 finance officials in Fukuoka. His visit comes amid strained ties between Renault and its partner, Nissan Motor.

“A merger with FCA remains a beautiful opportunity, because there’s access to the American market and because for FCA there’s access to the electric technologies they need,” he said, adding that “nothing has changed for the French state” regarding the merger conditions it had previously set.

Reporting by Chris Gallagher; Writing by David Dolan; Editing by Muralikumar Anantharaman

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