According to NHK, the Japanese broadcasting association, Nissan will acquire “up to 15%” of Renault’s electric vehicle business. It is reported that the two companies have made final adjustments to the negotiated agreement aimed at adjusting the current capital relationship.
In the capital alliance of the two companies, the previous shareholding ratios of each company were 43% for Renault and 15% for Nissan.
Earlier, Renault believed that Nissan’s investment in Ampere, the electric vehicle business that Renault is currently spinning off, may be lower than expected. Renault has been valuing Ampere at around 10 billion euros and plans to list it later this year, depending on market conditions.
The deal proposals include temporarily entrusting the shares to another company and selling them in stages to reduce Renault’s stake in Nissan to 15 percent, NHK said, citing people familiar with the matter.
In addition, according to the capital relationship review, Nissan’s investment in the new EV company requested by Renault will be “up to 15%”, and the specific investment percentage or investment amount has not yet been determined.
Going forward, resolutions will be required from the boards of directors of both companies, and while a final agreement has not yet been reached, we are entering a new phase in achieving the partnership of equals that Nissan has been working towards.
