Renault wants to be less French

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France is willing to sell shares in Renault if that benefits the cooperation with Nissan. That is what French Finance Minister Bruno Le Maire has said.

He said Saturday in Fukuoka, Japan, where a G20 summit is being held, after Fiat Chrysler stopped earlier this week because of the merger plans with the French car company. The Italian-American group took that decision because the negotiations were said to have been made impossible due to political resistance in Paris.

France holds 15 percent of the Renault shares. According to Le Maire that can be reduced.

“This is not a problem as long as we have a more solid car sector and a more solid alliance between the two major car manufacturers Nissan and Renault at the end of the process.”

According to the minister, Renault must first focus on closer cooperation with Nissan, before the car manufacturer focuses on another brand.


By: Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is oliver.kjeldsen@economicinform.com

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