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Renault plans merger with Nissan through holding company, report says

TOKYO — Renault will propose to Nissan a plan to create a joint holding company that would give both automakers equal footing as Renault seeks further integration with its Japanese partner, the Nikkei newspaper reported on Friday.

Under the proposal, both automakers would nominate a nearly equal number of directors to the new company in which ordinary shares in both Nissan and Renault would be transferred on a balanced basis, the newspaper said without citing sources.

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