The diamond brand announces "great progress" in its negotiations with the Japanese manufacturer to strengthen its alliance
MADRID, 30 Ene. (EUROPA PRESS) -
Renault announced this Monday that, after several months of dialogue with Nissan, "great progress" has been made in their negotiations to define the new bases for collaboration between the two groups.
The diamond brand has confirmed that it will transfer 28.4% of its Nissan shares to a French trust, where voting rights will be "neutralized" for most decisions, but economic rights (dividends and proceeds from the sale of shares) will always benefit Renault until the sale of those shares.
The diamond brand will instruct the trustee to sell these Nissan shares if the economic conditions are "reasonable", in an organized and orderly process, "but there will be no obligation to sell your shares within a predetermined specific term," the firm specifies. .
Pending the approval of its board of directors, Renault has indicated that the purpose of these negotiations is to strengthen the ties of its alliance with the Japanese manufacturer and "maximize the creation of value" for both parties.
Within the framework of their renewed alliance, both groups will retain a cross-stake of 15%, with the obligation to maintain and limit their holdings. Thus, they will be able to freely exercise the voting rights related to their 15% direct participation, with a limit of 15%.
Renault has indicated that the 'Alliance Operating Board' will continue to be the coordination body between the two brands.
"The agreements are in the process of being finalized and the operation is awaiting the approval of the boards of directors of Renault and Nissan," the group explained.
Renault wants to relaunch the collaboration with Nissan through operational projects of "strong" value creation, and key projects in Latin America, India and Europe in markets, vehicles and technologies.
Likewise, it intends to reinforce the "strategic agility" of this collaboration between both brands through new initiatives that their partners can join. In fact, Nissan will invest in Ampere, the electric and software business unit founded by Renault, with the aim of becoming a strategic shareholder.
