Renault shares rally on brand-new media report of Nissan merger talks

Employees working on a car assembly line of France's Renault in addition to China's Dongfeng factory in Wuhan, Hubei province, China on on February 1, 2016.

Johannes Eisele | AFP | Getty Images

Employees working on a car assembly line of France’s Renault in addition to China’s Dongfeng factory in Wuhan, Hubei province, China on on February 1, 2016.

Renault shares rose sharply on Thursday, with traders attributing the gain to a Bloomberg News report in which Renault SA in addition to Nissan are in talks to merge in addition to create a brand-new automaker in which trades as 1 stock.

Asked about the report, a spokesman for Renault-Nissas said: “We do not comment on rumours in addition to speculation.”

Renault shares were up 5.4 percent in early session trading.

Earlier This specific month, Reuters reported coming from sources familiar with the proposals in which Renault in addition to Nissan were discussing plans for a closer tie-up in which the Japanese carmaker would likely acquire the bulk of the French state’s 15 percent Renault holding.

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