Renault (RNSDF) is seeking seeking to maximize the value of Nissan’s (NSANY) stake in Honda (HMC) ahead of its merger with the Japanese company, with Renault executives traveling to Japan this week to meet counterparts at Nissan, Reuters reports. Nissan and Honda said last year they would begin formal talks on a merger that could potentially create the world’s third-largest auto company. Renault owns 36% of Nissan, including 18.7% in a French trust, and has said it is open to a merger between Nissan and Honda, though it is pushing Nissan to negotiate a higher premium from Honda, given that Honda is expected to take control of Nissan.
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