The French group will retain just 15% of participation in the Japanese manufacturer
By Redação AutoIndústria | Translated by Jorge Meditsch
After months-long negotiations, the Renault Group and Nissan announced this Monday, 1/30, some points for rebalancing their global partnership began in 1999. Among the main measures, the French manufacturer’s share in Nissan will be reduced from 43.4% to 15%, while the Japanese company will keep the 15% stake it owns in Renault.
Renault would transfer 28.4% of the shares to a French fund to reduce its participation, “neutralizing” its votes for most decisions. Economic rights would still benefit the French group until the total sale of these papers.
The Renault Group is to “instruct the administrator to sell the shares in a coordinated and ordinated process, but without a pre-determinate time frame. All these procedures are still subject to approval by both manufacturers’ boards.
The manufacturers also said the reorganization would include new joint product, market and technologies projects in Latin America, India and Europe, and Nissan will invest in Ampere, an electric vehicles and software business created by the Renault Group.
Photo: Renault/Nissan
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