Renault limited to 44.4% stake in Nissan under agreement, filing shows
Nissan Motor Co. Ltd. on Thursday gave some details of its two-decade-old alliance agreement with top shareholder Renault SA for the first time, revealing the French automaker cannot unilaterally increase its stake beyond 44.4%.
The Japanese automaker can also increase its stake if Renault does not support its proposal for a Nissan board member selection, the filing showed. Pic: Reuters