CORRECTED-Renault, Nissan agree to new partnership terms

Reuters

03-31

CORRECTED-Renault, Nissan agree to new partnership terms

Corrects size of Renault stake in Indian business to 49%, not 51%

PARIS, March 31 (Reuters) - Automakers Renault RENA.PA and Nissan 7201.T said on Monday they had agreed to further amend their partnership, adding the possibility for each side to reduce their cross-shareholdings to 10%, down from 15% previously.

Renault also announced its intention to increase its stake in the Renault Nissan Automotive India Private Ltd (RNAIPL) joint business to 100%, from 49% previously.

(Reporting by Gilles Guillaume. Writing by Dominique Patton; Editing by Kirsten Donovan)

((dominique.patton@thomsonreuters.com;))

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