Advertisement
UK markets closed

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     

  • AIM

    745.67
    +0.38 (+0.05%)
     

  • GBP/EUR

    1.1611
    -0.0072 (-0.62%)
     

  • GBP/USD

    1.2373
    -0.0065 (-0.52%)
     

  • Bitcoin GBP

    51,980.76
    +744.70 (+1.45%)
     

  • CMC Crypto 200

    1,380.82
    +68.20 (+5.19%)
     

  • S&P 500

    4,968.19
    -42.93 (-0.86%)
     

  • DOW

    37,995.94
    +220.56 (+0.58%)
     

  • CRUDE OIL

    83.20
    +0.47 (+0.57%)
     

  • GOLD FUTURES

    2,403.20
    +5.20 (+0.22%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,737.36
    -100.04 (-0.56%)
     

  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

Renault-Nissan merger unlikely before 2020, CEO Ghosn says

Reuters

PARIS (Reuters) - Renault (RENA.PA) and Nissan are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on Wednesday.

Speaking at a Bloomberg conference, Ghosn reiterated that the carmakers were examining ways to consolidate the Renault-Nissan-Mitsubishi alliance and assuage doubts about its survival after his eventual departure. Renault currently owns 43.4 percent of Nissan, which controls Mitsubishi Motors (7211.T).

Asked whether this could transform the carmakers into a single listed entity in 2018 or 2019, however, Ghosn answered: "I don't think so." Reuters reported in March that Renault and Nissan were discussing a deeper tie-up.

(Reporting by Gilles Guillaume and Laurence Frost; Editing by Sudip Kar-Gupta)