ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Automobiles

Nissan pushes Renault to sell down stake, may raise funds: source

Japanese automaker wants its French ally to wind down the stake to 15%

Nissan Motor wants French partner Renault to lower its stake in the Japanese automaker.

(Reuters) -- Nissan Motor is pressing French partner Renault to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said.

The demands were made in exchange for Nissan agreeing to invest in Renault's new unit being set up to house its electric vehicle (EV) assets, said the source, who sought anonymity as the talks are not public.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more