Shares in Renault and PSA Peugeot Citroen rose sharply today on market talk of a merger between the two groups.

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A spokesman for PSA Peugeot Citroen declined to comment, while analysts maintain that a deal between the two is unlikely.


Reuters said that Peugeot shares were up 7.9% at 14.95 euros and Renault shares were up 7.67% at 13.05 euros.


Reuters reported that PSA’s announcement that it had appointed Barnaby Noble – a former VP of mergers and acquisitions at Alstom – as director of strategy and business development fuelled speculation.


However, analysts are sceptical about a merger of the two French giants and note that job losses from such a merger would be high, something that the French political establishment would not be happy about.

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