Baku 7° C
Renault sells its stake in Daimler for more than a billion euros
Business
- 12 March, 2021
- 10:43
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
Latest News
14:48
Peskov: If Zelenskyy wants to negotiate with Putin, he can come to Moscow
Region14:30
LeBron James named All-Star for 22nd straight season
Team sports14:18
CBA: Deposit portfolio of Azerbaijani banks grew by 30% in 2 years
Finance14:02
Azerbaijani parliament ratifies agreement on customs co-op with Jordan
Milli Majlis13:52
China executes 4 leading members of northern Myanmar-based criminal gangs
Other countries13:43
Azerbaijan weather forecast for February 3
Ecology13:32
Portugal pledges €2.5B for deadly storm recovery as rains persist
Other countries13:20
Iran to take retaliatory measures against EU in coming days
Region13:16