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Automakers Renault, Nissan to make cross-shareholdings equal

Por: ABC News Business January 30, 2023

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TOKYO -- Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the -French auto alliance.Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese automaker is run. It will transfer shares equivalent to a 28.4% stake to a French trust so each side will hold the same 15% stake in the other,... + full article



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