Renault (RNO)

Index:

CAC 40

  40.55
   
  • Change Today:
     -0.08
  • 52 Week High:  53.98
  • 52 Week Low:  33.76
  • Currency: Euro
  • Shares Issued: 272.10m
  • Volume: 551,719
  • Market Cap:  11,034m
  • Beta: 0.99

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.

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Renault Market Data

Currency Euro
Share Price   40.55
Change Today   -0.08
% Change -0.20 %
52 Week High  53.98
52 Week Low  33.76
Volume 551,719
Shares Issued 272.10m
Market Cap  11,034m
Beta 0.99

What The Brokers Say

Strong Buy 6
Buy 10
Neutral 5
Sell 0
Strong Sell 0
Total 21
buy
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Trades for 21-Nov-2024

Time Volume / Share Price
17:35 341 @  40.55
17:35 419 @  40.55
17:35 4,277 @  40.55
17:35 123 @  40.55
17:35 128 @  40.55

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