France Opposes Renault-Nissan Merger, Says Keep Alliance As Is

  • Prime Minister Valls says state may cut stake back from 19.7%
  • Alliance has raised some tension between Renault and France

France, Renault SA’s biggest shareholder, wants the alliance with Nissan Motor Co. to continue and would oppose a merger of the French carmaker with its Japanese partner, Prime Minister Manuel Valls said.

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