Listen: Renault board to reconvene on Fiat merger talks on Wednesday
"Board of Reynaud will reconvene for a second day of meetings after failing to come to a decision about a proposed merger with Fiat Chrysler, to find out more, I rang. Our reporter Nick Kostov. He stepped out of the meeting onto a Parisian street, so apologies for the honking, Nick, is it likely that the merger will be approved. Likely. I mean it seems to me that they've come to fall note to approve it and the finance minister, who has a big sadness different state has a big say was saying this morning on regular he supports the deal as long as he can get a number of guarantees. So they're still working on those govern teas. But if they can't find an agreement I would think that the board would approve it a majority of the board, obviously, Chrysler is not going to agree to anything that we can directional for the manager, but it stuff like the French state's getting a guaranteed seats on the new board or whether the French state would have a say in picking the CEO down the line. It's also standstill clauses to make sure this is an stays merger of equals doesn't become a takeover of one to make a by the other the final bits of being negotiated the French state probably wouldn't get everything. It's been all sinful. But it feels the if they at least get some of it than the deal would be easier to sell politically here in France."