The Japanese carmaker Nissan plans to reduce its share in the French Renault partner, considering the possibility of selling about 5% of shares worth about 100 billion yen (about $ 640 million). About it reports Reuters with reference to the Japanese edition of Nikkei .
Nissan manager Ivan Espinos said that such a step is part of a strategy for the redistribution of the company's resources: "We reduce the crossing of shares to invest in vehicles." Nissan plans to send the funds from sales to develop new models in the context of increased competition and changes in the world car market.
In March, Nissan and Renault have agreed to reduce the minimum mutual share in stocks from 15% to 10%, which became part of the wider reorganization of their 20-year alliance. According to this agreement, any sale of shares must be agreed between the parties and provides for the right of first refusal.
Despite the possible sale, Nissan emphasized that the cooperative agreement with Renault remains valid. At the same time, the company indicated that the final decision on the sale of shares has not yet been made.
Against the backdrop of the news of the ownership structure, it became known that Renault Director Luke de MEO leaves the company to start a career outside the automotive business.
Reducing the mutual share in shares, as well as personnel changes, can be an next signal about the gradual weakening of the Alliance between the two companies. Since 2023, the Renault shares in Nissan have been in the French highway, which gave the Japanese side more autonomy after partnership restructuring.
