Renault is planning to sell its shares in Daimler worth about 1.4 billion dollars - News


French carmaker, Renault SA will be exiting its entire holding in Daimler AG, a roughly 1.5% stake.. — Bloomberg News Report

Renault already has enough demand for all the stock, according to people familiar with the matter, who asked not to be identified because the information is private.

Proceeds from the sale will allow Renault to “accelerate the financial de-leveraging of its automotive activity,” the company said.

Renault and Daimler said their industrial partnership that dates back more than a decade will continue...


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