PLUS1
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Renault SA | EU:RNO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.05% | 37.60 | 37.30 | 37.70 | 37.73 | 37.255 | 37.69 | 898,038 | 16:40:00 |
Renault, Nissan Close to Deal Addressing Uneven Stakes, FT Reports
21/10/2022 8:26am
Dow Jones News
Renault (EU:RNO)
Historical Stock Chart
From Oct 2022 to Apr 2023
--Auto makers Renault SA and Nissan Motor Co. are closing in on a deal that would lower the French company's uneven voting rights in its Japanese partner as the pair look to ensure their alliance continues, the Financial Times reports, citing unnamed sources.
--Under the deal, Renault's stake in Nissan would fall to 15%, equivalent to Nissan's own stake in Renault, the FT reports. As previously mooted by the two companies, it would also see Nissan invest in Renault's new electric-vehicle business, the newspaper says.
--An agreement could be reached in the coming weeks, the FT reports.
Full story: https://on.ft.com/3gsP7HZ
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
October 21, 2022 03:11 ET (07:11 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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