Equities

Reuters reveals Nissan in talks to buy France's Renault stake in merger prelude; market reacts

Reuters reveals Nissan in talks to buy France's Renault stake in merger prelude; market reacts

Reuters exclusively reported that French carmaker Renault and alliance partner Nissan are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state’s 15 percent Renault holding. Renault’s shares jumped to their highest level since 2007 on the news. The deal is politically sensitive and must balance French and Japanese interests, avoiding the appearance of a takeover.