Renault resells its Mercedes actions to bail out its boxes (MàJ)
To deleted, Renault announces the sale of all of its participation in the Daimler group.
18/08/2022
To deleve, Renault announces the sale of all of its participation in the Daimler group.
Via a short press release, Renault announced its intention to sell all of its participation in Daimler, via a "placement with qualified investors".The diamond had 1.54 % of the capital of Mercedes's parent company.
The Frenchman does not hide it: "The product of this transfer will allow the Renault group to accelerate the financial deleveraging of its automotive activity".The diamond recorded a historic loss in 2020, with 8 billion euros.His placement will therefore allow him to partially upset the boxes.Renault had 16,448,378 actions.
Renault's participation in Daimler dates back to 2010.At the time, German joined the alliance.In addition to the signing of common projects, which notably led to the birth of Twingo 3 and the new smarts, but also of Mercedes Citan, there had been exchanges of participation.Nissan also has 1.54 % of suede, while the latter has 3.1 % in the other two.
Renault indicates today that the industrial partnership is not impacted by the transfer of actions.The diamond will notably make the next generation of the Citan, cousin of the new Kangoo.Collaboration should also be extended to another utility.On the other hand, for its next smarts, Daimler has broken its partnership, preferring to set up a new joint venture with the Chinese Geely.
Update 12/03 - Renault indicates that it has successfully completed the transfer of all of its participation in Daimler ", with a price of € 69.50 per share, a total amount of 1.143 billion euros.