Renault would consider reducing its stake in Nissan capital

Renault, which currently owns 43% of Nissan’s capital, could reduce its stake in the Japanese carmaker to 15% in exchange for its entry into its new electric entity called “Ampère”, which it intends to maintain control of, according to reports from press.

“Renault could consider reducing its stake until it no longer owns, in the long term, just 15% of Nissan,” writes Les Echos on Sunday. “An amount that would symbolize a new balance with its Japanese partner that precisely owns 15% of Renault. Logically, Nissan could then enter up to 15% in the new Ampère company, whose exact valuation is yet 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 4,000 million euros” with the sale of its shares in Nissan, which does not have voting rights in the French manufacturer, continues the French. economic newspaper.

Amp

In order not to brutally destabilize the markets, the two partners “would reflect on the constitution of a trust that would organize, in the long term, the fall of Renault’s participation, according to predefined value levels”, he assures- he does it again.

“The transaction, if agreed, could be announced as early as November,” the Wall Street Journal said on Friday, citing sources “at the center 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 + scheduled for the fall. This is finally scheduled for November 8, the day before Nissan’s half-year results,” they underline. The Echoes.

The Agefi-Dow Jones agency and the Wall Street Journal also indicate that Renault, which is going through a bad financial run, plans to own at least 51% of the future electric vehicle producer “Ampère”.

At the end of 2018, when the relationship already seemed unbalanced between Renault and Nissan for the benefit 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.