An European industrial giant in Europe bodes well for the bloc.
On Monday, Sibeth Ndiaye, a spokeswoman for the French government stated, the government is looking “reasonably favorably” on a proposed merger deal between Italian carmaker Fiat and France’s Renault.
“It’s a project that we are looking on in a reasonably favorable light,” said Ndiaye to BFM TV.
“Of course we have to look at the conditions under which the deal will be done. It is a discussion we’ll have with Renault as a shareholder,” she said while adding, it was good for Europe to have European industrial “giants.”
The French government is Renault’s biggest shareholder with a stake of 15%.