Baku 2° 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
19:38
Photo
President Ilham Aliyev meets with Chairman of Brazil's BTG Pactual in Davos
Foreign policy19:21
Merz says he wants to meet Trump in Davos, 'avoid escalation' on trade
Other countries19:04
Photo
Leyla Aliyeva meets with Ethiopian Prime Minister
Foreign policy18:44
Portugal heads to presidential runoff between socialist, far-right candidates
Other countries18:25
Photo
Azerbaijan, Chinese companies discuss joint aluminum production
Industry18:09
Marine cargo traffic in Azerbaijan up over 5%
Infrastructure17:56
Photo
Azerbaijan, World Bank discuss current cooperation and prospects
Business17:51
Photo
Azerbaijan, WB discuss prospects of partnership in agriculture
Finance17:43