Renault sells entire Daimler share
Renault has completed the sale of its entire stake in Daimler AG.
Its 16,448,378 shares represent 1.54% of the share capital of Daimler and were sold at €69.50 each.
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.
Settlement of the Offering should take place on 16 March 2021 at the latest.
