Will this move tips the scales to Nissan's favor?
. Its stake of 1.83 billion shares is valued at approximately EUR 7.1 billion.
got further complicated with the arrest of then Alliance, Nissan, and Renault Chairman and CEO, Carlos Ghosn in JapanRenault is faced with a delicate situation as it aims to reduce its stake in Nissan while trying to rebalance the 'Alliance' without breaking it apart. Their lopsided cross-shareholding structure only gives Nissan a 15% stake with no voting rights in the French automaker; despite contributing the bulk in sales and revenue for the alliance.
Renault's cash flow had been significantly impacted after shutting down operations in Russia, which happens to be one of their most profitable markets; the impact of which is estimated at about EUR 2.2 billion.
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