Renault announces the successful sale of its entire stake in Daimler AG (16,448,378 shares representing 1.54 percent of the share capital of Daimler) at a price of 69.50 euros per share (a total amount of 1.143 billion Euro), through a placement to qualified investors.
The proceeds of this sale will allow the Renault Group to accelerate the financial deleveraging of its Automotive activity. The industrial partnership between the Renault Group and Daimler remains unchanged and is not impacted by this financial transaction, the company underlines.
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