France Ready to Cut Renault Stake to Support Nissan Ties
- Renault declines to comment following Le Maire report
- Nissan would prefer for France to divest its shareholding
Pedestrians pass outside the Renault SA flagship store on the Champs Elysee in Paris.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
France is prepared to consider cutting its 15% stake in Renault SA to help shore up the carmaker’s alliance with Nissan Motor Co., Agence France-Presse reported Saturday, citing an interview with Finance Minister Bruno Le Maire.
France is ready to consider reducing its holding if it leads to a “more solid” alliance between the Japanese and French automakers, Le Maire told AFP at the Group of 20 finance ministers meeting in Fukuoka, Japan.