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“If they were fully blocked on this, they’d need to look at other avenues such as tie-ups with other second tier banks or opportunities with overseas banking operations.
So this delay related to the feed price development has caused us to revise that estimate also with a look on the working capital tie-ups due to the growth in the value chain.
That announcement came after nearly four months of intense talks complicated by concerns about the sharing of intellectual property as Renault sought tie-ups with companies outside their alliance.