Baku 21° C
Renault sells its stake in Daimler for more than a billion euros
Business
- 12 March, 2021
- 10:43
Add Report.az to preferred Google sources
Stay up to date with the top news!
French carmaker Renault has sold a 1.54% stake in Germany's Daimler for about 1.143 billion euros, Report informs, citing Prime.
The French company said that 16,448,378 shares were sold for EUR 69.5 per share.
"The industrial partnership between Renault and Daimler remains unchanged, and this financial agreement will not affect it," the company noted.
Revenue from sales will allow Renault to accelerate the reduction of debt in the automotive industry.
Author
“Renault” “Daimler”dəki payını milyard avrodan baha qiymətə satıb
Renault продал свою долю в Daimler более чем за миллиард евро
Latest News
00:28
Ali Asadov sends congratulations to Morocco's first female head of government
Foreign policy
00:22
Azerbaijani wrestlers win two gold medals at Vladikavkaz tournament
Individual sports
23:35
Video
President Ilham Aliyev's social media accounts shared video on Cambodian Prime Minister's visit to Azerbaijan
Foreign policy
23:17
Parviz Shahbazov: Oil market stability also depends on safe energy deliveries
Energy
23:11
Georgia seeks role in China-Kyrgyzstan-Uzbekistan transport route
Region
22:34
Education authorities inspect dress-code compliance in Baku schools
Education and science
22:15
Photo
Azerbaijani photo club continues 'landmine-free world' campaign in Sarajevo
Foreign policy
21:59
Shaffer: Military outcome paved way for Armenia-Azerbaijan peace
Foreign policy
21:31
29 foreign ministers accuse Iran of hostile hybrid activities
Other countries