Analysts sceptical about system rethink Carmaker’s shares plunged on announcement Break up introduces governance and valuation complexity -Jefferies PARIS, Nov 10 (Reuters) – Analysts searching for significantly less complexity from Renault (RENA.PA) at its trader day this 7 days had been disappointed to discover that CEO Luca de Meo will split the business into 5 autonomous corporations. The French carmaker announced a important overhaul at a lengthy-awaited presentation on Tuesday, dividing functions into 5 specialised enterprises – each individual with its own earnings & loss account and CEO – in an energy to raise profitability and enhance the valuation of its distinct areas. The principal plank of the strategy is…