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Nissan-Renault alliance

Renault weighs reducing Nissan stake through a trust

Japanese and French automakers in talks to rebalance their alliance

While Renault and Nissan Motor have made progress on rebalancing the stakes in their alliance, they have hit snags in other areas. (Photo by Yuki Nakao)

TOKYO --Renault may transfer a portion of its stake in Nissan Motor to a trust to match Nissan's holdings in Renault, Nikkei has learned, as part of a plan by the two automakers to rebalance their alliance under more equitable terms.

Renault currently owns 43% of Nissan, while Nissan owns 15% of Renault. The proposal would have Renault transfer a 28% stake to a trust and relinquish voting rights associated with those shares, essentially leaving a voting stake of 15%.

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