French Automobile Manufacturer Renault Trims Holding In Nissan To 15% After Transferring Shares To French Trust
Portfolio Pulse from Nabaparna Bhattacharya
Renault SA has reduced its stake in Nissan Motor Co., Ltd. from 43.4% to 15%, transferring the remaining 28.4% shares into a French trust. Renault and Nissan now have a cross-shareholding of 15% with lock-up and standstill obligations. Renault continues to benefit from the economic rights from the entrusted Nissan shares until they are sold. Mitsubishi Motors is also a member of the Alliance with Renault and Nissan Motor. The alliance will continue to identify key projects across markets.
November 08, 2023 | 12:27 pm
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NEUTRAL IMPACT
Mitsubishi Motors, as a member of the Alliance with Renault and Nissan, may be indirectly affected by the changes in the shareholding structure.
As a member of the Alliance with Renault and Nissan, Mitsubishi Motors may be indirectly affected by the changes in the shareholding structure. However, the exact impact is uncertain and will depend on the future decisions of the Alliance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Renault's reduction in stake may impact Nissan's control structure. However, the cross-shareholding agreement may provide stability.
Renault's reduction in stake may impact Nissan's control structure. However, the cross-shareholding agreement with lock-up and standstill obligations may provide stability and offset any potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Renault has reduced its stake in Nissan, which may impact its control over the company but will continue to benefit from the economic rights of the entrusted shares.
Renault's reduction in stake in Nissan may impact its control over the company. However, it will continue to benefit from the economic rights of the entrusted shares until they are sold, which may offset any potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100