Nissan board nominees not broaching merger issue: member

  • Bizline

May 25, 2019-

YOKOHAMA: Nissan Motor Co is not considering the possibility of a merger with top shareholder Renault at the moment, and none of the nominees to the Japanese automaker’s board are pressing to make it an issue now, an external director said on Thursday. As Nissan ponders its future without former chairman Carlos Ghosn, who orchestrated its financial rescue two decades ago, French partner Renault SA has been quietly manoeuvring for merger talks, sources at both automakers have previously told Reuters. France’s government has also weighed in, saying on Wednesday that the status quo was weakening the alliance and could not continue. But given Nissan’s current focus on improving corporate governance and recovering from a run of poor results, Keiko Ihara, who has been overseeing efforts to overhaul governance, told Reuters in an interview that the issue of a merger was not on the table at the moment. “We don’t have time to feel any of the pressure which appears to be coming externally,” she said. “We’re not aware of any director nominee who wants to make this an official topic of discussion at the moment.” (REUTERS)

Published: 25-05-2019 15:27

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