Percent Shareholder: Senard and Carlos Ghosn

percent shareholder: Seven months after Ghosn's arrest on financial misconduct charges which he denies the alliance he forged is on life support, according to The Japan Times. Nissan refused to study a full Renault tie-up proposed by Senard, and wants to weaken its 43.4 percent shareholder's grip. News of the rebuff came as Renault shareholders met on Wednesday to endorse Senard's January appointment to replace Carlos Ghosn, the ousted leader of the Renault-Nissan alliance. ; Senard, whose bid to merge with Fiat Chrysler FCA over Nissan's reservations was scuppered by French Finance Minister Bruno Le Maire, unsuccessfully sought a meeting with Macron to secure his backing, four government and company sources said. Instead, Senard then tabled an FCA-Renault deal proposal developed without Nissan's knowledge. Days later, in a third risky move that caused outrage in Japan, Senard vowed to block governance reforms introduced by Nissan after the Ghosn scandal unless Renault gets more seats on the Japanese firm's powerful new board committees. But FCA Chairman John Elkann withdrew the offer after France, Renault's biggest shareholder, blocked the June 5 board vote and demanded more time to secure Nissan's endorsement. (news.financializer.com). As reported in the news.