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PHOTO FILE: The French Minister of the Economy and Finance, Bruno Le Maire, delivers a speech at a high level forum on debt at the Ministry of Finance in Paris, May 7, 2019. REUTERS / Benoit Tessier / Photo File
TOKYO (Reuters) – French Finance Minister Bruno Le Maire said on Sunday that it was necessary to preserve the alliance between Renault SA and the Japanese company Nissan Motor Co Ltd, which he said benefited to the French car manufacturer through synergies and technology.
Speaking at a meeting of G20 finance ministers in Fukuoka, southern Japan, Le Mayor also said his role was not to meet Nissan's chief executive officer. , Hiroto Saikawa, and that the role of the state was that of shareholder.
The French State holds a 15% stake in Renault, which holds a 43% stake in Nissan. The Mayor had expressed a few days after the Italian Fiat Chrysler Automobiles NV canceled a merger proposal with Renault, citing the French government's interference.
Report by Chris Gallagher; Edited by Christopher Cushing
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