Nissan to buy back 5% of its own shares from partner Renault

PARIS : Japanese carmaker Nissan will buy back 5 per cent of its own shares from its French partner Renault, the companies said on Thursday.
Renault said the deal would result in a 494 million euros ($551 million) cash inflow for the company, which would mark a further step towards cutting its debts and returning to an investment grade credit rating.
($1 = 0.8970 euros)