Renault M&A plan is lesser of two evils for Nissan LiamWardProud
France’s Renault will propose creating a joint holding company with its partner Nissan Motor, Japanese newspaper Nikkei reported on April 26.
Under the proposal, both companies would nominate an equal number of directors, while the holding company could be based in a third country outside Europe, like Singapore, Nikkei reported without citing sources.The carmaking alliance’s previous leader Carlos Ghosn – formerly Renault’s chairman and chief executive, and chairman at Nissan – was arrested in November for alleged financial misconduct, which he denies.
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