It turned out that Nissan Motor and Renault approved the agreement on basic items, such as reviewing the investment ratio of both companies on an equal footing in negotiations to review the current capital relationship.
Both companies are expected to make an announcement on the 30th, and negotiations are in the final stage with the aim of reaching an agreement.
Nissan is seeking to reduce the shareholding ratio between the two companies to 15%, which is on an equal footing, as Renault holds 43% to Nissan's 15%.
According to people involved, the two companies have approved the draft agreement on basic items as a result of final discussions.
According to the agreement, in order to reduce Renault's investment ratio, the shares will be entrusted to another company and sold in stages, and the ratio of voting rights will be aligned.
In addition, Nissan's investment in the new EV company requested by Renault in line with the review of the capital relationship will be up to 15%.
Furthermore, as a new collaboration "Reload Project", we plan to expand our business in India, Central and South America, etc.
The two companies are expected to announce the details of the draft agreement on the 30th.
After that, the two companies are proceeding with final discussions on remaining areas such as the handling of technology patents owned by third parties, and negotiations are reaching the final stage with the aim of reaching an agreement.
If an agreement is reached, the capital relationship that has continued for more than 20 years in favor of Renault, triggered by Nissan's financial crisis, will be fundamentally reviewed, and the relationship between the two companies will move to a new stage.