Market Chatter: Renault Supports Potential Nissan-Honda Merger Talks

MT Newswires Live12-19

Renault, Nissan's (TYO:7201) largest shareholder with a 36% stake, is open to the Japanese automaker pursuing merger talks with Honda (TYO:7267), according to Bloomberg News, citing insiders.

The French automaker seeks to strengthen Nissan amid their alliance's ongoing challenges but is not willing to provide additional funding, said the report.

Renault's approval is crucial for any agreement, and it will carefully assess any offers to ensure its interests are protected, the news wire said.

Renault declined to comment further when reached by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (JPY): $417.60, Change: $+80, Percent Change: +23.70%

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