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

Renault agrees to cut stake in Nissan to 15%

Nissan set to invest in Renault's new electric vehicle company Ampere

French automaker Renault and its alliance partner Nissan of Japan have reached a deal that will put the two companies on an even footing in their capital tie-up. (Source photo by AFP/Jiji) 

TOKYO -- Japanese automaker Nissan Motor and its French partner Renault have reached an agreement to reduce the latter's stake in Nissan, Nikkei learned Monday.

Nissan said in a statement that "it has reached an important milestone in its discussions with Renault Group on defining new foundations for their partnership," confirming Nikkei's earlier report. The two companies will discuss the draft agreement at meetings of their respective boards, which have yet to be set.

Sponsored Content

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

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