The collapse of merger talks between Fiat Chrysler Automobiles(FCA) and Renault ...
LONDON - The collapse of merger talks between Fiat Chrysler Automobiles and Renault marks a setback for a tight network of current and former Goldman Sachs’ bankers who tried to convince the French political establishment to back the deal.
Helping Renault was New York-based Ardea Partners, a boutique advisory firm launched in 2016 by Chris Cole who had spent 30 years at Goldman Sachs including co-chairing the investment banking business. The pair worked closely with another former Goldman banker, Laurent Clarenbach, who spent 10 years at the Wall Street bank between 2001 and 2011 and is now a partner at French boutique bank d’Angelin & Co.
The Goldman network had been expected to secure the backing of Macron’s government before the deal became public, several sources said, adding Goldman deployed staff from its New York, Paris and London offices in a bid to win France’s blessing. Goldman declined to comment on this report, while Ardea Partners was not immediately available for comment.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
FCA withdraws merger offer as Renault board postpones decision
Weiterlesen »
The Latest: FCA withdraws merger offer with RenaultPARIS (AP) — The Latest on the potential merger of carmakers Renault and Fiat Chrysler (all times local): 1 a.m. Fiat Chrysler says it has withdrawn an offer to merge with French...
Weiterlesen »
FCA, France reach tentative agreement on Renault merger: sourcesFiat Chrysler Automobiles NV has reached a tentative agreement with France on th...
Weiterlesen »
FCA, France reach tentative agreement on Renault merger: sourcesFiat Chrysler Automobiles NV has reached a tentative agreement with France on th...
Weiterlesen »
The Latest: FCA withdraws merger offer with RenaultPARIS (AP) — The Latest on the potential merger of carmakers Renault and Fiat Chrysler (all times local): 1 a.m. Fiat Chrysler says it has withdrawn an offer to merge with French...
Weiterlesen »