Renault, Nissan finalise restructured alliance sources
Nissan to take smaller stake in Ampere
Discussions focused on future IP

TOKYO, July 19 Reuters Nissan and Renault will make an announcement in the coming days on their restructured alliance and have finalised the deal, three people familiar with the matter said, capping 10 months of sometimes tense negotiations.

The automakers announced a framework agreement in February and had aimed to finalise negotiations as early as March. Under the framework, the Japanese automaker would take as much as 15 of Renault39;s new electric vehicle unit, Ampere, while Renault would reduce its 43 stake in Nissan.

That timeline was extended when senior Nissan executives and some directors challenged detailed provisions of deal, citing the need to better protect Nissan39;s intellectual property, Reuters has reported.

The delay complicated Nissan39;s drive to put its decadeslong relationship with Renault onto a more equal footing. Nissan executives sought to rebalance the alliance built by former Chairman Carlos Ghosn after his ouster sent the automaker into turmoil.

Nissan has been working to establish a lower threshold for its pledged strategic investment in the Renault unit that would be below the 15 maximum it announced in February, two of the people said. While the size of the investment ultimately hinges on the value of Ampere, Nissan is likely to take less than 10, one of them said.

All of the people declined to be…