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Renault-Nissan merger unlikely before 2020, CEO Ghosn says

Reuters
FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, responds to a question on the alliance's new venture capital fund during roundtable with journalists at the 2018 CES in Las Vegas, Nevada, U.S. January 9, 2018. REUTERS/Steve Marcus/File Photo (Reuters)

PARIS (Reuters) - Renault <RENA.PA> and Nissan <7201.T> are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on Wednesday.

Speaking at a Bloomberg conference, Ghosn reiterated that the carmakers were examining ways to consolidate the Renault-Nissan-Mitsubishi alliance and assuage doubts about its survival after his eventual departure. Renault currently owns 43.4 percent of Nissan, which controls Mitsubishi Motors <7211.T>.

Asked whether this could transform the carmakers into a single listed entity in 2018 or 2019, however, Ghosn answered: "I don't think so." Reuters reported in March that Renault and Nissan were discussing a deeper tie-up.

(Reporting by Gilles Guillaume and Laurence Frost; Editing by Sudip Kar-Gupta)