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Renault deal disappoints investors eyeing reforms

Compromise ends power struggle, balancing increased state influence at Renault with weakened control over Nissan

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Investors had hoped that Mr Ghosn might use the crisis to carry out deeper alliance reforms or even a full merger - unlocking some of the US$20 billion market value of Renault's Nissan stake.

Paris

THE Renault-Nissan alliance drew a line under an eight-month power struggle with the French government, with a compromise deal balancing increased state influence at Renault with weakened control over its Japanese affiliate.

The agreement, offering Nissan guarantees against