Renault weighs reducing Nissan stake through a trust
Renault weighs reducing Nissan stake trust
Staff
TOKYO -- Renault may transfer&nbsp;a portion of its stake in Nissan Motor to a trust to match Nissan's holdings in Renault, Nikkei has learned, as par
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Nikkei Asia
TOKYO -- Renault may transfer a portion of its stake in Nissan Motor to a trust to match Nissan's holdings in Renault, Nikkei has learned, as part of a plan by the two automakers to rebalance their alliance under more equitable terms.

Renault currently owns 43% of Nissan, while Nissan owns 15% of Renault. The proposal would have Renault transfer a 28% stake to a trust and relinquish voting rights associated with those shares, essentially leaving a voting stake of 15%.