Fonderie de Bretagne Faces Closure as Renault Rejects Takeover Deal

Renault's refusal to commit to production volumes derails the proposed acquisition, jeopardizing 350 jobs in Caudan.

The Fonderie de Bretagne announced the failure of negotiations for its acquisition by German investment fund Private Assets, citing Renault's refusal to validate the agreement.
Renault, formerly the owner and still the foundry's primary client, was accused of prioritizing foreign production over sustaining the French facility.
The foundry's management and unions expressed outrage, calling Renault's actions cynical and blaming the automaker for the imminent closure of the plant.
The proposed acquisition by Private Assets was contingent on Renault providing clearer commitments on production volumes for 2025–2027, which the automaker did not guarantee.
Local officials and union leaders criticized Renault for abandoning the foundry despite its historical significance and the state's financial support pledges.