France ready to cut Renault stake to shore up Nissan partnership: finance minister
France is ready to consider cutting its stake in Renault in the interests of consolidating the automaker's alliance with Nissan, Finance Minister Bruno Le Maire said Saturday. In an interview with AFP on the sidelines of the G20 finance ministers meeting in Japan, Le Maire said Paris might consider reducing the state's 15-percent stake in Renault if it led to a "more solid" alliance between the Japanese and French firms. "We can reduce the state's stake in Renault's capital.
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