The Financial Times reported on Thursday (local time) that Carlos Gon (64) and Nissan were planning to merge Renault and Nissan before they were arrested in Japan for cheating.
One source said Nissan members thought the merger would take place within the next few months. Another official noted that the merger agenda was being considered very aggressively.
Renault and Nissan have been in a partnership sharing shares since 1999. Currently, Renault holds 43 percent of Nissan`s shares and Nissan holds 15 percent of Renault`s. After Nissan acquired 34% of Mitsubishi's shares in 2016, a triangular alliance structure was established. 실시간배팅
The relationship between the two companies can be seen as a dominant partnership. Renault can appoint a Nissan management team and has the right to vote on its stake. On the other hand, Nissan's Renault stake has no voting rights and no control. Renault can take control of the city if it formally merges with Nissan.
As a result, members of the Japanese Nissan board strongly protested the merger plan. Renault is the biggest shareholder of the French government, and it is because of the sense of crisis that the French government can strongly reflect its participation in the management of the company after the merger. "The Nissan board has said it will fight any organizational restructuring that strengthens the inferior position," a source said.
In particular, the FT reported that tensions were mounting between Chairman Gon and CEO Hiroto Nissan.
Chairman Gon was arrested by Japanese prosecutors for misusing public funds and making false statements on securities reports. Some say that the disagreement between Chairman Gon and Japanese officials at Nissan is the cause of the incident. Nissan reportedly cooperated with the prosecution's investigation through the "Flivagening System" as the chairman was found to have been involved in an internal investigation.
The two sides are also reported to have been at odds over Nissan`s poor performance. According to some, Gon expressed discomfort over the recent deterioration in profit margins in the U.S. and China's slowing growth, causing conflicts between the company and its CEO.