12-14 months to survive? Nissan seeks investor after Renault reduces stake

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12-14 months to survive? Nissan seeks investor after Renault reduces stake - Business Standard

Quick Summary:

The automaker’s challenges have intensified as its long-time partner Renault continues to reduce its equity stake, further altering the dynamics of their two-decade-old alliance.

Meanwhile, activist investors, including Singapore-based Effissimo Capital Management and Hong Kong’s Oasis Management, have shown interest in Nissan, the report added.

According to a report by The Financial Times, Nissan is targeting institutional investors, such as banks or insurance companies, to replace part of Renault’s shareholding.