Share Prices & Company Research

Market News

12 Mar 2021 | 07:38

Renault sells Daimler stake for €1.14bn

(Sharecast News) - France's Renault said on Friday that it has sold its entire stake in German car maker Daimler for around €1.14bn as it looks to pay off debt. The 1.54% interest was sold at €69.50 per share in a placement to investors by way of an accelerated bookbuilding process.

"The proceeds of this sale will allow the Renault Group to accelerate the financial deleveraging of its Automotive activity," it said.

Renault added that its industrial partnership with Daimler remains unchanged and is not impacted by the stake sale.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.