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Automotive Industry

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Renault cuts Nissan stake to 15% after transferring shares to trust (www.reuters.com)
submitted 11 months ago by [email protected] to c/[email protected]
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The new agreement for the restructured alliance between Renault, Nissan and junior partner Mitsubishi Motors came into effect on Wednesday

Mitsubishi has separately committed to invest up to 200 million euros in the unit, which Renault hopes to list on the market through an initial public offering by next spring.

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