Nissan and Renault equalise shareholdings to iron out voting conflict

Nissan and Renault have changed their mutual cross-shareholdings to the same 15%( Jacques Brinon/AP)

Nissan and Renault have equalised their company shareholdings at 15% to iron out a source of conflict in the Japan-France car alliance.

Renault Group will transfer 28.4% of the Nissan shares it owns into a French trust, so its stake will be the same 15% that Nissan has in the French vehicle maker.