Baku 8° 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
13:44
15 kilometers of micromobility lanes built in Baku in 2025
Infrastructure13:24
PSG open talks to extend Luis Enrique's contract
Football13:09
Photo
Azerbaijani products showcased at Gulfood 2026 exhibition in Dubai
Business12:48
Kazakhstan's MFA: Developing allied relations with Baku among Astana's foreign policy priorities
Foreign policy12:31
Azerbaijan changing rules for naming children, granting them citizenship
Milli Majlis12:23
Photo
Azerbaijan discusses prospects for economic cooperation with EU
Business12:03
ASCO: 26 vessels repaired at Zigh Ship Repair and Construction Yard in 2025
Infrastructure11:54
Azerbaijan to ban forcing children into participation in religious rituals
Milli Majlis11:38