According to an insider, Nissan is pushing its French partner Renault to reduce its stake in the Japanese carmaker as much as possible. A reduction to 15 percent from currently around 43 percent is considered ideal, said the person familiar with the process. In return, Nissan should agree to invest in a new division of Renault, in which the French’s electric car activities are to be bundled. Nissan may have to raise funds to buy Renault’s shares. Renault and Nissan () did not respond to requests for comment. About the process first had that Wall Street Journal reported. The Bloomberg news agency, citing insiders, reported that Renault was open to reducing its stake.
Nissan – Renault to reduce share – economy
