Renault Calls for Nissan Shareholder Meeting: WSJ - News Summed Up

Renault Calls for Nissan Shareholder Meeting: WSJ


FILE PHOTO: A combination picture shows logos of Japan's Nissan and France's Renault on cars in Strasbourg, eastern France, Oct. 25, 2012. Renault deputy Chief Executive Officer Thierry Bollore sent a letter dated Dec. 14 to Nissan CEO Hiroto Saikawa, saying the indictment of Nissan had created "significant risks" to the French carmaker and the Renault-Nissan alliance, the Journal reported. "We believe a shareholder forum would be the best manner of addressing these matters in an open and transparent fashion", the WSJ quoted Bollore as saying in the letter. Renault owns 43.4 percent of Nissan, which in turn holds a 15 percent stake in its parent company but without voting rights. Renault spokesman Frederic Texier declined to comment on the WSJ report when contacted by Reuters.


Source: Wall Street Journal December 16, 2018 19:30 UTC



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