The negotiations were long and complex but, in the end, Nissan and Groupe Renault reached an agreement for relaunch the Alliance.
After several months of constructive discussions with Nissan, Groupe Renault announces today that it has reached an important milestone in the discussions to lay the new foundations of their partnership.
NEW PROJECTS
The agreement reached between the two car manufacturers provides for various innovations; which also concern the shareholder structure. However, what is decided has yet to be submitted to the approval of the Boards of Directors of Groupe Renault and Nissan. Steps that, however, shouldn't be a problem. After it arrives “ the green light, more information will be communicated.
The goal is that of “further strengthening the ties of the Alliance and maximizing the creation of value for all stakeholders”. For this reason, the relaunch of the Alliance passes through new operational projects. On this issue, it is It has only been said that new key projects will be developed in Latin America, India and Europe which will concern markets, vehicles and technologies.
The new agreement also passes through a series of strategic initiatives such as Nissan's investment in Ampere, the company created by the French who will take care of & agrave; of mobility electricity and digitization. We don't know, however, what share the Japanese will acquire. In addition to all this, it is a new shareholding structure was also decided.
According to what was said, the two automakers will retain a 15% cross-ownership(Renault owns 43.4% of Nissan). Furthermore, both will be able to freely exercise the voting rights attached to the direct 15% stake. As a result of the new agreement, the Renault group will transfer 28.4% of its Nissan shares in a French trust fund, with “neutralized” voting rights for most decisions. However, the economic rights (dividends and proceeds from the sale of the shares) will remain with the French Group until these shares are sold.
The Renault Group will impart the trust fund was ordered to sell Nissan shares in an orderly and organized process, only if economic conditions were reasonable. No hurry, however, as it is not the time to go. a time limit (and no obligation) has been given to this operation. The Alliance Operating Board will continue to operate. to be the coordinating body.
There remains, therefore, that we wait for more details on the new plans of the brands for the Alliance.
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