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Stock impact report

Renault Group to sell to Nissan up to 100,242,900 Nissan shares representing approximately 2.5% of Nissan capital [Yahoo! Finance]

RENAULT SA UNSP/ADR (RNLSY) 
NASDAQ:AMEX Investor Relations: group.renault.com/en/finance-2
Company Research Source: Yahoo! Finance
Boulogne-Billancourt, March 27, 2024 After a first sale of Nissan shares on December 13, 2023, Renault Group announces a second transaction with the intention to sell to Nissan up to 100,242,900 Nissan shares , representing approximately of Nissan capital. This sale of approximately 2.5% of Nissan capital results from the exercise by Nissan of its right of first offer to acquire 100,242,900 Nissan shares following a notice from Renault Group expressing its intention to sell 280,690,000 Nissan shares (representing up to 7% of Nissan capital) . Pursuant to the New Alliance Agreement, Renault Group has the option to sell the remainder of the 180,447,100 Nissan shares that have not been bought back by Nissan, during a 180-day period to Nissan or to third-parties. This sale will be implemented as part of the share buyback program announced by Nissan on March 27, 2024. Nissan has also announced its decision to cancel all the acquired shares which will be accretive for Nissan's shareh Show less Read more
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