Renault, which currently owns 43% of the capital of Nissan, could reduce its stake in the Japanese car manufacturer to 15% in exchange for its entry into its new electrical entity called “Ampère”, which it intends to retain control. , according to press reports.
“Renault could consider reducing its share until it no longer holds, in the long term, only 15% of Nissan”, write Les Echos on Sunday. “An amount that would symbolize a new balance with its Japanese partner who precisely owns 15% of Renault. Logically, Nissan could then enter up to 15% in the new company Ampère, whose exact valuation still needs to be estimated”.
Asked by AFP, Renault declined to comment.
According to Les Echos, Renault, in which the French state owns 15% of the capital, could recover “up to 4 billion euros” from the sale of its Nissan shares, which has no voting rights at the French manufacturer. , continues the French economic daily.
In order not to brutally destabilize the markets, the two partners “would reflect on the establishment of a trust which would organize, over the long term, the decline in Renault’s share, according to predefined value levels”, assures- does it again.
“The transaction, if agreed, could be announced as early as November,” for its part assured the Wall Street Journal on Friday, citing sources “at the heart of the discussions”.
“Renault had said that it would announce the assembly linked to the spin-offs of its activities during its + capital market day + planned for the fall. This is finally scheduled for November 8, the day before Nissan’s half-year results”, underline Les Echoes.
The Agefi-Dow Jones agency and the Wall Street Journal also indicate that Renault, which is going through a bad financial patch, plans to hold at least 51% of the future “Ampère” electric vehicle production entity.
At the end of 2018, when the relationship already seemed unbalanced between Renault and Nissan to the advantage of the French group within the Alliance that the three companies form with Mitsubishi Motors, the fall of the emblematic boss Carlos Ghosn had caused a serious crisis of confidence. between the two partners.
This agreement could thus allow Nissan to free itself from the influence of Renault, which it has been trying to obtain for a long time.
“Renault could consider reducing its share until it no longer holds, in the long term, only 15% of Nissan”, write Les Echos on Sunday. “An amount that would symbolize a new balance with its Japanese partner who precisely owns 15% of Renault. Logically, Nissan could then enter up to 15% in the new company Ampère, whose exact valuation still needs to be estimated”. Asked by AFP, Renault declined to comment. According to Les Echos, Renault, in which the French state owns 15% of the capital, could recover “up to 4 billion euros” from the sale of its Nissan shares, which has no voting rights at the French manufacturer. , continues the French economic daily. In order not to brutally destabilize the markets, the two partners “would reflect on the establishment of a trust which would organize, over the long term, the decline in Renault’s share, according to predefined value levels”, assures- does it again. “The transaction, if agreed, could be announced as early as November,” for its part assured the Wall Street Journal on Friday, citing sources “at the heart of the discussions”. “Renault had said that it would announce the assembly linked to the spin-offs of its activities during its + capital market day + planned for the fall. This is finally scheduled for November 8, the day before Nissan’s half-year results”, underline Les Echoes. The Agefi-Dow Jones agency and the Wall Street Journal also indicate that Renault, which is going through a bad financial patch, plans to hold at least 51% of the future “Ampère” electric vehicle production entity. At the end of 2018, when the relationship already seemed unbalanced between Renault and Nissan to the advantage of the French group within the Alliance that the three companies form with Mitsubishi Motors, the fall of the emblematic boss Carlos Ghosn had caused a serious crisis of confidence. between the two partners. This agreement could thus allow Nissan to free itself from the influence of Renault, which it has been trying to obtain for a long time.
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