Renault : Renault-FCA merger: strategic interest but doubts on the merger parity
>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...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
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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