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Home > Finance > Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei

Finance

Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei

Published by Global Banking and Finance Review

Posted on June 16, 2025

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(Correct paragraph 2 to clarify that 5% is not the entire stake that Nissan owns in Renault)

TOKYO (Reuters) - Nissan Motor CEO Ivan Espinosa said that the company plans to reduce the automaker's stake in French partner Renault, the Nikkei business newspaper reported on Monday.

Selling a 5% stake in Renault would raise about 100 billion yen ($640 million) at current share prices, funds Nissan plans to use for new vehicle development amid challenging business conditions, the report said.

(Reporting by Kaori Kaneko and Satoshi Sugiyama; Editing by Kim Coghill)

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