France reduces stake in carmaker Renault

By

Shares rose in the firm after the French state said it had sold a 4.7 percent stake in Renault for 1.2 billion euros.

Reading articles is for subscribers only. Subscribe now.

Shares in Renault rose on Friday after France pared back its holding to the 15 percent level that preceded a 2015 power struggle with the carmaker’s CEO Carlos Ghosn, removing a residual irritant in their relationship, reports Reuters.