Nissan shares fall 4% after report Renault exploring stake sale

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Reuters UK

TOKYO (Reuters) -Shares of Nissan Motor Co Ltd dropped 4% in early trade on Monday, following a report that top shareholder Renault SA may consider lowering its stake in the Japanese automaker. Bloomberg reported on Friday that Renault may consider lowering its Nissan shareholding as part of plans to separate its electric vehicle business. The French carmaker has been pushing ahead with plans to split its electric and combustion-engine businesses in an attempt to catch rivals such as Tesla and Volkswagen On Friday, Renault said all options were on the table for separating the electric vehicle …

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