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Renault SA (RENA.PA)

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Latest Key Developments (Source: Significant Developments)

Nissan Announces Nominees For Board Of Director Positions
Thursday, 20 Jun 2019 11:45am EDT 

June 20 (Reuters) - Nissan Motor Co Ltd <7201.T>::NISSAN - ANNOUNCES NOMINEES FOR BOARD OF DIRECTOR POSITIONS, STATUTORY COMMITTEES WITHIN STRENGTHENED CORPORATE GOVERNANCE STRUCTURE.NISSAN - JEAN-DOMINIQUE SENARD HAS BEEN NOMINATED FOR NOMINATION COMMITTEE MEMBER POSITION.NISSAN - CEO, GROUPE RENAULT, THIERRY BOLLORÉ HAS BEEN NOMINATED FOR AUDIT COMMITTEE MEMBER POSITION.NISSAN - CHAIRMAN OF GROUPE RENAULT, JEAN-DOMINIQUE SENARD, HAS BEEN NOMINATED FOR VICE-CHAIR POSITION ON BOARD.  Full Article

Renault CEO Says Nissan Stake Sale 'Not At All Our Agenda'
Wednesday, 19 Jun 2019 07:00am EDT 

NEW DELHI, June 19 (Reuters) - Renault ::CEO SAYS SELLING OFF SOME OF ITS STAKE IN NISSAN "NOT AT ALL OUR AGENDA".CEO SAYS "THERE'S NO OFFER ON THE TABLE RIGHT NOW" IN RELATION TO MERGER TALKS WITH FCA.CEO SAYS "NO COMMENT" ON FRENCH GOVERNMENT'S INTERVENTION IN CO-FCA MERGER TALKS.  Full Article

Nissan Motor To Create New Board Committee With Seats For Renault's Chairman & CEO - Nikkei, Citing Sources
Tuesday, 18 Jun 2019 04:46pm EDT 

June 19 (Reuters) - NIKKEI::NISSAN MOTOR IS PROPOSING TO CREATE NEW BOARD COMMITTEE WITH SEATS FOR ALLIANCE PARTNER RENAULT'S CHAIRMAN AND CEO - NIKKEI CITING SOURCES.RENAULT CHAIRMAN JEAN-DOMINIQUE SENARD AND CEO THIERRY BOLLORE TO GET MULTIPLE SEATS ON FOUR BOARDS - NIKKEI CITING SOURCES.NEW COMMITTEE IN ADDITION TO NOMINATION,COMPENSATION,AUDIT COMMITTEES PROPOSED IN NISSAN CORPORATE GOVERNANCE REFORM PLAN-NIKKEI CITING SOURCES.  Full Article

Renault Says "Expresses Disappointment" Regarding FCA Offer Withdrawal
Thursday, 6 Jun 2019 07:03am EDT 

June 6 (Reuters) - RENAULT ::REG-GROUPE RENAULT : COMMUNICATION OF GROUPE RENAULT JUNE 6, 2019.GROUPE RENAULT EXPRESSES ITS DISAPPOINTMENT NOT TO HAVE OPPORTUNITY TO CONTINUE TO PURSUE PROPOSAL OF FCA (FIAT CHRYSLER AUTOMOBILES).WISH TO THANK FCA FOR THEIR EFFORTS AND RENAULT'S BOARD OF DIRECTORS FOR ITS CONTINUED CONFIDENCE.WE BELIEVE OFFER EMPHASISES ATTRACTIVESS OF RENAULT AND OF ALLIANCE.WE ARE GRATIFIED BY CONSTRUCTIVE APPROACH OF NISSAN.  Full Article

Fiat Chrysler Withdraws Merger Offer For Renault - WSJ
Wednesday, 5 Jun 2019 06:30pm EDT 

June 5 (Reuters) - :FIAT CHRYSLER WITHDRAWS MERGER OFFER FOR RENAULT - WSJ.  Full Article

Nissan Cuts CEO Saikawa's Compensation For Current Fiscal Year
Friday, 31 May 2019 06:59am EDT 

May 31 (Reuters) - Nissan Motor Co Ltd <7201.T>::HAS DECIDED TO REDUCE COMPENSATION OF CEO SAIKAWA FOR FISCAL YEAR ENDING MARCH 2020.SAIKAWA'S COMPENSATION WILL BE SET AT HALF THE LEVEL OF FISCAL YEAR ENDED MARCH 2019.PAY CUT IS IN CONSIDERATION OF MATTERS RELATED TO MISCONDUCT LED BY FORMER CHAIRMAN GHOSN.SAIKAWA'S PAY FOR FISCAL YEAR ENDED MARCH 2019 HAD ALSO BEEN REDUCED FOR SAME REASON.  Full Article

France must not have more than 7.5% of FCA-Renault - League MP to paper
Monday, 27 May 2019 10:55am EDT 

May 27 (Reuters) - League Lawmaker and head of Lower House Budget Committee Claudio Borghi says in an interview with the Huffington Post published online::IT MUST BE CLEAR THAT FRANCE MUST NOT HAVE MORE THAN 7.5 PERCENT IN NEW GROUP IF FCA-RENAULT MERGER GOES THROUGH .  Full Article

Fiat Chrysler In Talks To Forge Extensive Ties With Renault - FT
Saturday, 25 May 2019 01:41pm EDT 

May 25 (Reuters) - :FIAT CHRYSLER IN TALKS TO FORGE EXTENSIVE TIES WITH RENAULT - FT.  Full Article

Fiat: shareholders in Fiat and Renault to get equivalent equity stake in combined company
Friday, 24 May 2019 02:47pm EDT 

May 27 (Reuters) - Fiat::* Under the terms of the proposal, shareholders in each company would receive an equivalent equity stake in the combined Fiat/Renault company..* Combination would be carried out as a merger transaction under a Dutch parent company.* Board of the combined entity would initially be composed of 11 members, with the majority being independent and with equal representation of four members each for both FCA and Groupe Renault, as well as one nominee from Nissan.* There would be no carryover of existing double voting.* Parent company would be listed on the Borsa Italiana (Milan), Euronext (Paris) and the New York Stock Exchange.* Before the transaction is closed, to mitigate the disparity in equity market values, FCA shareholders would also receive a dividend of €2.5 billion.* In addition, prior to closing, there would be a distribution of Comau’s shares to FCA’s shareholders or an incremental €250 million dividend if the Comau spin-off does not occur.  Full Article

Nissan Recognises 4.411 Billion Yen Of Expense In FY Ended March 2019 Related To Director Compensation Of Ex-Chairman Ghosn And Other Matters
Tuesday, 14 May 2019 05:13am EDT 

May 14 (Reuters) - Nissan Motor Co Ltd <7201.T>::HAVE RECOGNISED 4.411 BILLION YEN OF EXPENSE IN FY ENDED MARCH 2019 RELATED TO DIRECTOR COMPENSATION OF EX-CHAIRMAN GHOSN AND OTHER MATTERS.INVESTIGATION IS STILL ON-GOING AND FINAL AMOUNT MIGHT DIFFER FROM THE ESTIMATE BOOKED.  Full Article

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Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

TOKYO Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault.