Mitsubishi Corp could take 10% stake in Renault in alliance rejig: report

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Restructuring plans, plant closures and cost savings schemes are being discussed, with changes in the capital structure of the three-way alliance also envisaged, Les Echos reported.

Renault could not be reached for immediate comment.

At present, Mitsubishi Corp has a 20% stake in Mitsubishi Motors, which counts Japan’s Nissan as its biggest shareholder.

Nissan in turn owns 15% of Renault and Renault has 43% of Nissan.

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