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The Independent UK

National

Via AP news wire

Automakers Renault, Nissan make cross-shareholdings equal

Nissan Renault Japan

Copyright 2022 The Associated Press. All rights reserved

Nissan and Renault have changed their mutual cross-shareholdings equal at 15%, ironing out a source of conflict in the Japan-French auto alliance.

Renault Group will transfer 28.4% of the Nissan shares it owns into a French trust, so its stake will be the same 15% that Nissan Motor Co. has in the French automaker.

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