The influence of the French State will not change and Nissan will not increase its stake in Renault, i.e. everything remains as it has been for many years. Although the French State verbally states it will limit its number of voting rights to 20%, it is not willing to give up its total voting rights of 28% when it comes to ‘important’ decisions. These include the dividend, the nomination of State Representatives to the Supervisory Board, and significant ownership changes. In addit
13 Dec 2015
Renault and Nissan in stalemate
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Renault and Nissan in stalemate
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
13 Dec 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
The influence of the French State will not change and Nissan will not increase its stake in Renault, i.e. everything remains as it has been for many years. Although the French State verbally states it will limit its number of voting rights to 20%, it is not willing to give up its total voting rights of 28% when it comes to ‘important’ decisions. These include the dividend, the nomination of State Representatives to the Supervisory Board, and significant ownership changes. In addit