Renault announced this Thursday that it will sell an additional 5% of its stake in Nissan to the Japanese group, with which it maintains an alliance aimed at equalizing cross-shareholdings.
In a statement, the French automaker announced that this third operation will consist of the sale of up to 195,473,600 shares, representing 5% of the capital, a transaction that will be carried out on Friday.
Furthermore, the French brand indicated that the sale of these shares will generate up to €494 million, which will strengthen the group’s positive financial position.
However, for Renault’s consolidated accounts, this will mean a maximum capital loss of €1.1 billion, which will impact this year’s net income but not the dividend to be paid in 2025 (related to the 2024 accounts), as the distribution percentage will be calculated based on other parameters.
According to Renault, this operation will serve to “accelerate the deleveraging” of the company and help improve its credit rating.
Nissan has committed to cancel these shares, which will result in an increase in the percentage ownership of its other shareholders.
