Nissan pushes partner Renault to sell stake, looking to raise funds for buyback

Nissan pushes partner Renault to sell stake, looking to raise funds for buyback

A logo of Nissan Motor Co is seen on a steering wheel as a woman drives her car in Golfech, southwestern France. REUTERS/Regis Duvignau

Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the matter said.