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Renault-Nissan -- Why not a proper merger?

For the sake of shareholders, Nissan should try marriage before seeking divorce

| Japan
Nissan executives should have the courage to try to build an AB InBev of cars.   © Reuters

With Renault reviving Carlos Ghosn's plans to unite Renault and Nissan Motor under common ownership, now is the time for Nissan management (and the Japanese government, which is hovering in the background) to explain what exactly is wrong with the proposal -- and take full account of the interests of an oft-forgotten group, Nissan's shareholders.

Last year's palace coup to purge Ghosn and scuttle his proposed merger under a holding company structure had its roots in the resentment felt by many Nissan employees as the Brazilian-born executive claimed credit for "saving" their company.

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