Renault Sends Nissan Letter Calling for General Meeting Of Nissan Shareholders
December 16 2018 - 12:38PM
Dow Jones News
By Nick Kostov
PARIS -- French auto maker Renault SA has urged Nissan Motor Co.
to call a meeting of its shareholders after the Japanese company
and its former chairman, Carlos Ghosn, were indicted on allegations
of financial misconduct.
Thierry Bolloré, deputy CEO of Renault, sent a letter dated Dec.
14 to Nissan's CEO Hiroto Saikawa asking for a meeting to be called
"as promptly as practicable." Renault owns 44% of Nissan.
"The indictment creates significant risks to Renault, as
Nissan's largest shareholder, and to the stability of our
industrial alliance," Mr. Bolloré wrote in the letter. "We believe
a shareholder forum would be the best manner of addressing these
matters in an open and transparent fashion."
Nissan didn't immediately respond to a request for comment.
Write to Nick Kostov at Nick.Kostov@wsj.com
(END) Dow Jones Newswires
December 16, 2018 13:23 ET (18:23 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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