Renault shares rally on new media report of Nissan merger talks

Renault currently owns 43pc of Nissan while the Japanese carmaker has a 15pc stake in its French counterpart

However, Tokyo-based Macquarie Capital Securities analyst Janet Lewis told the news site that experts are anxious the French and Japanese governments may oppose the deal.

A possibility would be basing the new business in the Netherlands or London, where cross Atlantic automaker Fiat Chrysler has the company's corporate charter, but has its headquarters in both the US and Italy. With the rising global trend towards the use of electric & ride-sharing cars, both the firms are aiming to expand their business while strengthening their two-decade-long business relationship.For the record, Renault now holds a 43% stake in Nissan, while Nissan has almost 15% of Renault's shares.

According to Bloomberg's sources, who aren't being identified at their request, it would mean the end of the companies' alliance and make them one corporation.

The Renault-Nissan alliance was formed in March 1999. Shareholders of Nissan would receive in addition new shares in the business in exchange for their current holdings. The automaker may maintain headquarters in both Japan and France. Renault shares have risen to 8.3 percent, reaching the highest level in more than a decade. Nissan shares are down almost 2% over the past year, giving the company a valuation of 4.6 trillion yen ($43 billion).


Both the Japanese and French government would need to approve this deal and might be very opinionated on the company, when it comes to where it is domiciled.

Reuters reported earlier this month that Nissan was in talks to buy the bulk of the French government's stake in Renault, citing unidentified people.

The deal has yet to be confirmed by either of the two firms, which also partnered with Mitsubishi in 2016. Volkswagen AG, the world's largest carmaker, sold 10.7 million vehicles a year ago. "Frankly, I don't even open this subject".

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