Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
HomeAll newsMost read newsBusiness Leaders Biography
Birthday : 03/09/1954
Place of birth : Porto Velho - Brazil
Biography : Mr. Carlos Ghosn Bichara is President at European Automobile Manufacturers Association, a Managing D

Renault-Nissan's Ghosn mulls review of capital ties - Nikkei

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2018 | 12:42pm CEST
FILE PHOTO: Logo of Nissan Motor Co is seen at its showroom in Tokyo

TOKYO (Reuters) - Carlos Ghosn, head of the automaking alliance between Nissan Motor Co (>> Nissan Motor Co Ltd) and Renault SA (>> Renault), is considering a review of the capital ties between the two companies, Japan's Nikkei business daily reported on Monday.

TOKYO (Reuters) - Carlos Ghosn, head of the automaking alliance between Nissan Motor Co and Renault, is considering a review of the capital ties between the two companies, Japan's Nikkei business daily reported on Monday.

Ghosn, who also serves as chief executive of Renault, said in an interview with the newspaper that it was necessary "to consider the views of all interested parties" in reviewing the two firms' cross-shareholding structure, adding that he would implement a new framework by 2022 when his term ends.

His comments follow a Reuters report last month that France's Renault and Nissan were discussing a deal that would see the Japanese automaker acquire much of the French government's 15 percent Renault holding, as a prelude to a merger.

"We are openly considering all options," the Nikkei quoted Ghosn as saying, adding that this included a review of the group's capital structure.

Nissan was not immediately available for comment.

The Renault-Nissan alliance, underpinned by cross-shareholdings, has wrestled intermittently since its 1999 inception with plans for full mergers that have foundered on objections from France, Renault's biggest shareholder.

But with the alliance's main architect Ghosn beginning his final term as Renault CEO, the government has been pressing for a tie-up to secure the future of Renault-Nissan, the world's largest carmaking group by sales last year.

Renault holds 43.4 percent of Nissan but agreed to limit formal control of its larger partner in a 2015 shareholder pact that defused a boardroom standoff with the French government. Nissan currently owns a 15 percent of Renault, but no voting rights.

The Japanese automaker also owns a 34 percent controlling stake in Mitsubishi Motors Corp. (>> MITSUBISHI MOTORS CORPORATION).

(Reporting by Naomi Tajitsu)

Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI MOTORS CORPORATION 0.77% 922 End-of-day quote.11.76%
NIKKEI 225 -0.29% 22697.88 Real-time Quote.0.13%
RENAULT -0.27% 73.69 Real-time Quote.-11.67%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
1  2  3  4  5  6  7  8  9  10Next

Advertisement