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BRIEF-Fiat Chrysler says conditions in France not in place for merger with Renault

Renault@

June 6 (Reuters) - Fiat Chrysler says:

* IT HAS RESOLVED TO WITHDRAW WITH IMMEDIATE EFFECT ITS MERGER PROPOSAL MADE TO RENAULT.

* IT REMAINS FIRMLY CONVINCED OF THE COMPELLING, TRANSFORMATIONAL RATIONALE OF THE PROPOSAL

* IT HAS BECOME CLEAR THAT THE POLITICAL CONDITIONS IN FRANCE DO NOT CURRENTLY EXIST FOR SUCH A COMBINATION TO PROCEED SUCCESSFULLY

* IT WILL CONTINUE TO DELIVER ON ITS COMMITMENTS THROUGH THE IMPLEMENTATION OF ITS INDEPENDENT STRATEGY

* EXPRESSES SINCERE THANKS TO RENAULT, ITS CHAIRMAN AND CEO, AND ALSO TO THE ALLIANCE PARTNERS AT NISSAN MOTOR AND MITSUBISHI Source text for Eikon: Further company coverage: (Reporting by Milan Newsroom)