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Consumer Cyclicals
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Market Cap £2.67bn
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Revenue £14.13bn
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French Finance Minister: Renault loan not signed yet, but should be soon

Tue 2nd June, 2020 6:53am
PARIS, June 2 (Reuters) - French Finance Minister Bruno Le
Maire said on Tuesday the government had not yet signed off on a
planned 5 billion euro ($5.6 billion) loan for carmaker Renault
 RENA.PA , though he hoped the loan would be agreed soon.
    Le Maire also told RTL radio he expected Renault to be
"exemplary" in its talks with unions, regarding the likelihood
of job cuts in France, and that the government wanted Renault's
northern France sites to become "centres of excellence".
    On Sunday, Renault Chairman Jean-Dominique Senard said
Renault had no plans to close its Maubeuge plant in northern
France. Last week, Renault announced 15,000 job cuts globally as
part of a major restructuring.  urn:newsml:reuters.com:*:nL8N2DD0AY
    ($1 = 0.8984 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Andrew Heavens)
 ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))
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