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Stock market: Renault loses around 3% after the overhaul of its partnership with Nissan

2023-01-30T09:10:43.067Z


Renault shares lost more than 3% on the Paris Stock Exchange on Monday after the detailed announcement of an overhaul of its partnership with the Japanese manufacturer...


Renault shares lost more than 3% on Monday on the Paris Stock Exchange after the detailed announcement of an overhaul of its partnership with the Japanese manufacturer Nissan.

Around 9:43 a.m., Renault shares fell 3.15% to 36.99 euros in a market down 0.27%.

Renault and Nissan announced on Monday an imminent rebalancing of their cross-shareholdings: each will hold 15% of the capital of the other and as many voting rights.

Nissan will also become a "strategic shareholder" of Ampere, the future electric pole of Renault.

Source: lefigaro

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