Renault and Nissan Change Alliance Rules to Open Possibility of Further Share Sales [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Yahoo! Finance
The deal outlined Monday lowers the minimum required voting stake they must hold in each other to 10%, from 15% currently, with Nissan also able to walk away from a previous commitment to invest up to 600 million euros ($649.7 million) in Renault's Ampere EV business. Renault and Nissan's long-standing alliance, which also includes Mitsubishi allows the companies to share technological expertise and benefit from common platforms and production.
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