Renault SA

RNO: XPAR (FRA)
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Renault: Changing Its Accounting of Nissan; Fair Value Estimate Unchanged

Renault is changing the accounting of its shareholding in Nissan from equity method accounting to one that recognizes its shareholding as a financial asset measured at fair value. It will recognize an upfront noncash loss of EUR 9.5 billion. Operational collaboration between the firms is unchanged.

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