Carmaker looks for steady shareholder as longtime partner Renault sells down its holding
Nissan is searching for an anchor investor to help it survive a make-or-break year as longtime partner Renault sells down its holding in the crisis-hit Japanese carmaker. Two people with knowledge of the talks said Nissan was seeking a long-term, steady shareholder such as a bank or insurance group to replace some of Renault’s equity holding, as Nissan finalises the terms of its new electric vehicle partnership with arch-rival Honda.
After their capital recalibration last year, the French carmaker cut its Nissan holding to just under 36 per cent, including a remaining 18.7 per cent in a French trust, which it has been whittling down. Nissan gained voting rights for its 15 per cent stake in Renault, which will retain a 15 per cent voting stake in the Japanese group.
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