Renault to sell about 2.5% of Nissan shares for up to 362 million euros [Reuters]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
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Source: Reuters
2.5% of Nissan's (7201.T) , opens new tab shares to the Japanese care maker in a deal that could result in a cash inflow of up to 362 million euros ($391.76 million). The shares to be sold are part of the 24.63% of Nissan's capital held by a French trust and the sale will be implemented as part of share buyback program announced by Nissan, Renault said. ($1 = 0.9240 euros) Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. Reporting by GV De Clercq, editing by Inti Landauro Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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