The Renault Group will significantly reduce its stake in Nissan as part of a historic reshaping of the firms’ Alliance.
Key to the new terms of the Alliance is equity of control over the other firm: each will retain a 15% shareholding in the other, with voting rights capped in kind.
Renault, which holds a 43% stake in Nissan, will transfer 28.4% of those shares to a French trust with “neutralised'' voting rights on most decisions.
