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Renault and Nissan become equal partners?



The French offer a new holding company with equal shares

Renault and Nissan become equal partners?

Japanese bosses have finally found a way to strengthen their connection with Nissan. This will be achieved by offering a plan to set up a new holding company that will be a hat over both companies and share the same shares, so their integration will continue without the Japanese worrying that they will remain dependent on Renault.

It is expected that these two companies will nominate the same number of directors of the future company, which does not include sources from Japanese or French companies.

It also foresees the conversion of shares held by companies and the balance of such participation. However, such a solution will hardly reach smaller shareholders. France is a 15% shareholder of Renault, so there's Nissan. However, Nissan's share of Renault will grow, while France's share will fall to 7-8%. In addition, a new company will be located in a third country, such as Singapore.

According to Nikkei, Renault will soon offer this option to Nissan, a development of a merger plan that the Japanese rejected this month.
Nissan refused to comment on this question, and the Financial Times said Nissan and the Japanese government refused to participate in merger negotiations with Renault.

Tensions in the alliance grew in the last years of Carlos Gon's reign and did not go through its removal, and its ongoing process in Japan, where four allegations of financial abuse and income theft were filed against it. Gön refused all charges and announced that the case against him was a move of his opponents on top of Nissan, who were opposed to stronger engagement with Renault and even a merger with a French company.

In recent years, Nissan has failed to meet its sales and profit plans because some of the problems come from the largest US brand market, where Company 2 is.

Twenty years ago, Gon rescued Nissan from the bankruptcy of Renault's money and secured control of the French company in Japanese companies. Renault owns 43% of Nissan and Japanese – 15% in Renault.

Until recently, both giants ruled the alliance through the joint Renault-Nissan B.V., which was closed last month after Gon's internal investigations.


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