Arab Today, arab today france wants renaultnissan operational integration no merger
Last Updated : GMT 16:55:22
Arab Today, arab today
Arab Today, arab today

Economy Minister Emmanuel Macron:

France wants Renault-Nissan 'operational integration', no merger

Arab Today, arab today

Arab Today, arab today France wants Renault-Nissan 'operational integration', no merger

France wants an 'operational integration' between Renault and Nissan
Paris - Arab Today

France wants an "operational integration" between Renault and Nissan, Economy Minister Emmanuel Macron said on Tuesday, but reaffirmed that a merger is "not on the agenda".

Tensions over the role of the French state in the Renault-Nissan alliance have grown, after the government raised its stake in Renault to 19.7 percent, giving it double voting rights.

Nissan, which has no voting rights in Renault, voiced its concerns at the French move, as did alliance chairman Carlos Ghosn.

"I am in favour of two things," Macron told French radio Europe 1. "The preservation of Renault-Nissan in the equilibrium that was agreed in 2002. And secondly, the operational integration of both groups."

"This is not about a merger," he said, adding that any such plan was "not on the agenda".

Work to bring both carmakers' operations closer together has been ongoing "for several years", he said.

Macron reiterated that the French state would reduce its Renault stake to below 15 percent as soon as it could do so without any capital losses thanks to an improved share price. "We're not far off," he said.

Renault owns 43.4 percent of Nissan's capital, while Nissan holds 15 percent in Renault via a subsidiary, but no voting rights.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france wants renaultnissan operational integration no merger Arab Today, arab today france wants renaultnissan operational integration no merger

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today france wants renaultnissan operational integration no merger Arab Today, arab today france wants renaultnissan operational integration no merger

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: حوارات وتقارير
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday