Nissan's Biggest Shareholder Renault Said Open to Honda Talks [Yahoo! Finance Canada]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Renault is eager for the Japanese company to find ways to become stronger given it isn't itself willing to inject cash into Nissan, said the people, who asked not to be identified discussing internal matters. With a 36% stake, Renault remains Nissan's biggest shareholder and its approval will be key to any agreement, the people said. While Renault is open in principle to a deal that can make Nissan stronger, it will closely evaluate any offer that's made to the Japanese company with an eye to protecting its own interests, the people said. Nissan talks with Honda are still in the early stages, they said. A spokesperson for Renault declined to comment. Nissan and Honda are facing challenges globally but especially in China, where local brands led by BYD Co. are taking over. European peers including Renault are contending with a bumpy transition to electric vehicles in their home region. Renault's shareholding is a holdover from its longstanding allian
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