Renault Sells 5% Stake in Nissan in Alliance Rebalance

The €765 million sale results in a €1.5 billion capital loss for Renault, marking the first step towards equalizing cross-shareholdings at 15%.

Renault is selling a 5% stake in Nissan, marking the first step in a plan to rebalance their long-standing alliance.
The sale, valued at around €765 million, will result in a capital loss of €1.5 billion for Renault.
The two carmakers aim to equalize their cross-shareholdings at 15%, loosening the ties that have kept them together for two decades.
Nissan will buy the shares on Wednesday and will invest in Ampere, Renault's electric vehicles unit.
The sale will not affect Renault's operating income, but will hit the firm's net result for the year.