FCA : Renault-FCA merger: strategic interest but doubts on the merger parity. Neutral vs Reduce
>FCA proposes a merger with Renault - FCA has proposed a merger with Renault in which FCA and Renault shareholders would each hold 50% of the newco. Before the deal, FCA shareholders would receive a special dividend of € 2.5bn to offset the valuation gap between the two groups. The prospective deal would create the world’s third-largest automaker (8.7m units), with strong positions in the main markets. FCA puts synergies at € 5bn on top of those announced by the RNO/N...Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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