French automaker Renault and its Japanese partner Nissan Motor, has reached an agreement on a restructuring process that would offset its shares in their partnership of nearly 20 years and allow Nissan to invest in Renault’s electric vehicle unit.

Renault and restructuring of the companies of Nissan, about four months lasting intense talksafter n gramcome true. The sources reported that Renault’s goal of working with companies outside its partnership with Nissan led to intellectual property disputes in the restructuring negotiations.

According to the Renault statement, the company is in line with the restructuring agreement, which is subject to board approval. It has acquired about 15 percent of its 43 percent stake in Nissan.it will be cold.

Renault announced that it will transfer 28 percent of Nissan’s shares, worth approximately $4.1 billion, from the company to another organization.

NISSAN WILL ACCESS THE RIGHT TO VOTE

While this change is expected to balance the positions of the two companies in the partnership, the previously uneven shareholding of the two companies in the partnership created tensions between Nissan executives.

The partnership, which includes Mitsubishi Motors Corp as a junior partner, ran into big trouble after former chairman Carlos Ghosn was sacked over financial scandals.

As a result of the restructuring, both companies will own 15 percent of each other’s shares. In this way, Nissan will have access to voting rights in the other company that it did not have before.

INVEST IN THE RENAULT ELECTRIC VEHICLE UNIT

northNissan announced that it will invest in Renault’s new electric vehicle unit in accordance with the deal. In addition, Nissan and Renault have decided to allocate more resources to their large projects in South America, India and Europe.

Renault shares have risen nearly 25 percent and Nissan shares 3 percent since Renault and Nissan announced in early October that they were in talks to restructure their partnership. (Reuters)