TOKYO — Nissan Motor has requested that Renault, its largest shareholder, reduce its stake in the Japanese automaker, a call that comes more than two decades after the French company rescued Nissan from a financial crisis.
Renault currently holds 43% of Nissan’s shares, but Nissan wants that reduced to 15%, equal to Nissan’s stake in Renault, Nikkei has learned. Nissan has long been frustrated by its position in a capital relationship in which it says Renault’s shareholding in Nissan is too high.