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.


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