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In a
document outlining its position, Nissan is seeking limits to
government voting rights in Renault as well as written
guarantees against intervention in its operations by the French
carmaker, its 43.4-percent owner, two sources with knowledge of
the matter said on Wednesday, confirming a report in Le Figaro.
The revised demands are the latest twist in a governance crisis
that erupted in April when French Economy Minister Emmanuel
Macron raised the government's Renault stake to 19.7 percent
from 15 percent in order to secure double voting rights for the
state.
The Renault-Nissan alliance and the French government declined
to comment on Wednesday.
The standoff between Macron and Carlos Ghosn, chief executive of
both carmakers, is set to come to a head on Dec. 11 when the
Renault board is due to decide on a response to the French
government power grab.
Nissan and French officials have been negotiating for two months
to resolve the dispute.
In confidential September proposals revealed by Reuters, Nissan
had already threatened steps to exit Renault control by raising
its own stake in the French carmaker to at least 25 percent and
activating voting rights on the holding.
Nissan currently owns a non-voting 15 percent of Renault.
(Editing by James Regan)
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