June 3, 2019 / 12:43 PM / 3 months ago

Italy's League criticizes France, EU over handling of FCA/Renault merger

FILE PHOTO: Deputy Prime Minister and League party leader Matteo Salvini arrives to address a news conference at the League party headquarters, following the results of the European Parliament elections, in Milan, Italy May 27, 2019. REUTERS/Alessandro Garofalo/File Photo

ROME (Reuters) - Italy’s right-wing League party on Monday criticized France over its handling of a proposed merger between Fiat Chrysler and Renault and said the way negotiations were proceeding showed the European Commission was unfair to Rome.

Italian-American FCA is engaged in intensive discussions with Renault and the French government over the $35 billion merger proposal it pitched last Monday to create the world’s third-biggest carmaker.

Claudio Borghi, the League’s economics spokesman, said France should sell its stake in Renault to reduce a budget deficit which exceeds EU limits, rather than negotiate board positions in a predominantly private company.

“Doesn’t the European Commission have anything to say about this?” Borghi said in an interview with Reuters.

Reporting By Gavin Jones

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