Renault (RNO)

Index:

CAC 40

  48.55
   
  • Change Today:
     0.55
  • 52 Week High:  50.60
  • 52 Week Low:  31.29
  • Currency: Euro
  • Shares Issued: 272.10m
  • Volume: 730,066
  • Market Cap:  13,210m
  • Beta: 1.10

Renault sells Daimler stake for €1.14bn

By Michele Maatouk

Date: Friday 12 Mar 2021

LONDON (ShareCast) - (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.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Renault Market Data

Currency Euro
Share Price   48.55
Change Today   0.55
% Change 1.15 %
52 Week High  50.60
52 Week Low  31.29
Volume 730,066
Shares Issued 272.10m
Market Cap  13,210m
Beta 1.10

What The Brokers Say

Strong Buy 6
Buy 8
Neutral 5
Sell 0
Strong Sell 1
Total 20
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 26-Apr-2024

Time Volume / Share Price
17:38 188 @  48.55
17:35 836 @  48.55
17:35 391 @  48.55
17:35 201 @  48.55
17:35 115 @  48.55

Top of Page