The French automaker Renault has held discussions with the Japanese automaker Nissan to reduce the French share in the Japanese company. With this, Renault wants to breathe new life into the merger talks with Fiat Chrysler, writes The Wall Street Journal ( WSJ ) on Saturday.
In June, talks between the two parties about a possible merger failed, after Nissan said it was not in favor of the merger. The French state, Renault's largest shareholder, did not want to approve the merger until Nissan also agreed to the deal.
With the reduction of the French interest in Nissan, according to WSJ , Renault wants to reduce the tensions between the two parties, in order to arrive at a merger with Fiat Chrysler.
The French car company currently holds a 43.4 percent stake in the Japanese automaker, while Nissan holds only 15 percent of Renault's shares. The Japanese also have no voting rights with Renault, despite the fact that Nissan is larger.