Renault to reduce stake in Nissan to 15% from 43%, rebalancing alliance

The logos of car manufacturers Nissan and Renault are pictured at a dealership. File
| Photo Credit: Reuters

French automaker Renault will slash its stake in partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the Japanese firm said on January 30.

Renault will reduce its stake from just over 43% to 15%, the same size as Nissan’s stake in its French counterpart, as part of a broad agreement reshaping relations between the firms, Nissan said in a statement.