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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. — Pedestrians pass outside the Renault SA flagship store on the Champs Elysee in Paris.
Photographer: Christophe Morin/Bloomberg

By

Angelina Rascouet and

June 8, 2019, 6:05 AM UTCUpdated onJune 8, 2019, 3:56 PM UTC

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.