The Strategist

Renault to reduce its stake in Nissan to 15 percent

02/07/2023 - 09:14

According to a joint press release from Renault and Nissan, the French automaker will reduce its ownership of Nissan from 43.4 percent to 15 percent, and Nissan plans to purchase a 15 percent stake in the electric vehicle manufacturer Ampere.

Ivan Radic
Ivan Radic
"The French trust will receive a 28.4% share in Nissan from the Renault Group. Nissan and Renault Group will maintain a 15 percent cross-shareholding," the statement reads.

It is stated that until the shares are sold, Renault Group will continue to have full economic rights (dividends and sale revenues) over the shares transferred to the trust.

"Nissan wants to become a strategic investor by acquiring up to 15% of Ampere, a Renault Group company that produces electric vehicles and software in Europe. Additionally, Mitsubishi Motors would think about funding Ampere," the release notes.