Per Reuters, if Nissan sells a 5% stake in Renault, it could raise around ¥100 billion at the current market value. Nissan currently holds a 15% share in Renault, based on LSEG data.

Renault will book a one-off loss of about 9.5 billion euros ($11 billion) on its stake in Nissan Motor, the French carmaker said on Tuesday, writing down its years-long investment in its Japanese ...

TOKYO, June 16 (Reuters) - Nissan Motor (7201.T), opens new tab CEO Ivan Espinosa said the automaker plans to reduce its stake in French partner Renault (RENA.PA), opens new tab, the Nikkei ...

Nissan Motor (OTCPK:NSANY) plans to reduce stake in its longtime partner Renault (OTCPK:RNSDF) from 15% to 10%, according to a Nikkei report. By selling 5% stake, the Japanese automaker plans to ...

Renault RNO -0.67% said it would take a roughly $11 billion charge on its stake in Nissan 7201 0.28% after changing the way it accounts for its shares in the Japanese carmaker. The move mirrors a ...

Nikkei reported that Nissan plans to reduce its stake in Renault, however, CEO Ivan Espinosa says it’s not a sign that the two are breaking up. Since taking the helm on April 1, Nissan CEO Ivan ...

The situation has been further complicated by Renault's ongoing reduction of its Nissan stake, which stands at 36 per cent, and plans to offload an 18.7 per cent share held in a French trust.

Renault remains Nissan’s largest single shareholder with a 35.7% stake as of the end of September 2024, down from 43.4% a year earlier.

Renault SA and Nissan Motor Co. agreed to reduce their cross-ownership from 15% to 10%, allowing Nissan to sell up to one-third of its Renault stake and potentially raise €690 million.

Nissan shares fell 2.4% on Tuesday to 341.8 yen, trading well below the 400 yen mark at which Renault valued the stock when it increased its stake in the Japanese automaker in 2002.