French automaker Renault SA will hold a meeting on Tuesday to seal the agreement of partnership with German automaker Daimler.

Renault will publish an official statement on the integration by Wednesday night, le Figaro said, specifying “they will acquire a symbolic stake of 3 percent shares of the other side.”

“Japanese Nissan, which is owned 44 percent by Renault, will also take part in the financial event,” the newspaper added.

Renault-Nissan and Daimler would share their technologies on small-cars development as well as collaborate on the research and development of hybrids, battery powered vehicles and other fuel-efficient technologies, according to latest reports by the U.S. and Japanese media.

Chief executives of trilateral sides have recently expressed optimism about the cooperation.

VietNamNet/Xinhuanet