Renault's Stock Climbs Amid Merger Speculation

Shares of Renault Group experienced a significant surge, climbing over 5% during European trading on Wednesday, following reports that Honda Co. and Nissan Motor Corporation are considering a merger.

Renault and Nissan share a cross-shareholding structure, with Renault holding approximately 36% of Nissan, while Nissan holds a 15% voting stake in Renault. Analysts believe that the potential merger between Honda and Nissan could have a positive impact on Renault's position in the market.

Market Reactions: Renault's stock price rose by 5.51% to €46.95 per share at 9:44 am CET. In contrast, Nissan's stock in Japan saw an even more substantial increase, jumping 23.70% to ¥417.60 per share by the closing bell.