Nissan global headquarters

“We have no plans to raise stake for Renault,” says Nissan, in contrast to a certain media report

Renault-Nissan Alliance talks about the report involving the influence of the management from the French government. Nissan provided an opposing statement contrary to the content of a certain media report.

This is regarding the article posted by The Nihon Keizai Shimbun (also known as The Nikkei) on December 1, 2015. Concerning the article with the headline “Nissan considers raising its stake in Renault to block interference of French government conditions,” The Nikkei reported “Nissan considered raising its current stake percentage to Renault from 15% to 25%.” According to The Nikkei, there’s a possibility that the influence of the French government, which is Renault-Nissan’s largest stakeholder, will decline by raising Nissan’s stake.

Upon receiving this report on December 1, Nissan immediately released their statement. It was an opposing statement saying, “Our company did not release such information, which was reported by The Nihon Keizai Shimbun.”

Furthermore, Nissan added, “We presented discussions related to a series of proposals, including the stocks of Renault-Nissan Alliance, at the special meeting for the board of directors on November 30. However, the contents of the discussions couldn’t be concretely clarified yet at the time.”

Lastly, Renault-Nissan also expressed their comment regarding the report of The Nikkei, “Nissan has no plans of issuing new stocks.”

(Translated by Claire Marie Sausora)