0942 GMT - Renault should be able to sell part of its stake in Nissan to Honda or one of Nissan's strategic partners if the Japanese carmakers decide to merge, UBS analysts write. Renault said it wants to reduce its Nissan stake and has reportedly been open to selling a portion of its shares to Honda, the analysts write. Renault currently owns 17% of Nissan directly and 18.7% via a French trust--the current value of the stake in the French trust is around 1.8 billion euros, they write. Elsewhere in the industry, parts suppliers tend to have a fairly low exposure to Japanese original equipment manufacturers and should not be materially impacted by the merger. Renault shares rise 6% to 47.15 euros. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 04:42 ET (09:42 GMT)
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