France reduces stake in carmaker Renault


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.

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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.