PARIS (Reuters) – Automakers Renault and Nissan said on Monday they had agreed to further amend their partnership, adding the possibility for each side to reduce their cross-shareholdings to 10%, down from 15% previously.
Renault also announced its intention to increase its stake in the Renault Nissan Automotive India Private Ltd (RNAIPL) joint business to 100%, from 49% previously.
(This story has been corrected to fix the size of Renault’s stake in the Indian business to 49%, not 51%, in paragraph 2)
(Reporting by Gilles Guillaume. Writing by Dominique Patton; Editing by Kirsten Donovan)
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