Renault-Nissan, Daimler announce broad cooperation

TOKYO, April 7 (BestGrowthStock) – Partners Nissan Motor Co (7201.T: )
and Renault SA (RENA.PA: ) and Daimler AG (DAIGn.DE: ) on Wednesday
announced a broad strategic cooperation in the field of engine
and vehicle development.

Daimler will get 3.1 percent of Renault’s newly issued shares
and 3.1 percent of existing Nissan shares from Renault. Renault
will get 3.1 percent of Daimler, exchanging half of that for 2
percent of Nissan’s shares. As a result, Renault and Nissan will
each hold 1.55 percent of Daimler, they said in a statement.

Investing Research

(Reporting by Chang-Ran Kim)

Renault-Nissan, Daimler announce broad cooperation