Markets Business Research Reports Exclusives Economy & Finance Law & Policy

Renault Shares Slump After Fiat Chrysler Withdraws Merger Offer

Renault Shares Slump After Fiat Chrysler Withdraws Merger Offer

Phil Serafino

(Bloomberg) -- Renault SA shares slumped after Fiat Chrysler Automobiles NV withdrew a proposal to combine the two carmakers, citing French political opposition.

Renault dropped 9.7% to 51.50 euros at 8:11 a.m. Paris time in trading on Tradegate, while Fiat Chrysler lost 3.9% to 11.15 euros.

©2019 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Stock Rally Wavers As S&P 500 Briefly Tops 5,200: Markets Wrap
2
Oil Confined To Tight Range With Mideast And Stockpiles In Focus
3
Asia Stocks Set For Mixed Open As US Rally Falters: Markets Wrap
4
Larsen & Toubro, Tata Power, Hero MotoCorp Q4 Results Today — Earnings Estimates
5
Stock Market Today: All You Need To Know Going Into Trade On May 8