Thursday, 29 March 2018

Renault shares leap after Nissan merger report



Shares in Renault hit levels not seen for more than a decade on Thursday following a report the French brand is to merge with Nissan.
 
The two companies, which have operated an alliance since 1999, would form a new, single, listed company under the plans being discussed, according to the Bloomberg financial news service which cited information from several sources.
 
 
Neither company has commented on the report.


A deal has the potential to make the combined entity the world's largest carmaker by production, though any agreement would expect to result in significant savings.




SKY       News.