Nissan CEO Unveils Strategy to Decrease Stake in Renault
1 day ago / Read about 0 minute
Author:小编   

Nissan's Chief Executive Officer, Ivan Espinosa, has revealed the company's intention to decrease its ownership stake in its French counterpart, Renault. Earlier this year, in March, both companies had concurred to lower the minimum cross-shareholding threshold from 15% to 10%. Per the agreement, any disposition of shares must be synchronized with the other party, ensuring that the other party retains a right of first refusal.