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“The companies continue to drive structural improvements to ensure sustainable Alliance operations and governance. Any further communication will be done in due course by the Alliance members,” added Renault and Nissan in a joint statement on Monday.
A source familiar with the matter said Nissan was pressing its French partner to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares.
Renault shares were up 5% in early session trading, making the stock the best performer on France’s benchmark CAC-40 equity index.
