financetom
Business
financetom
/
Business
/
Renault to sell about 2.5% of Nissan shares for up to 362 million euros
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Renault to sell about 2.5% of Nissan shares for up to 362 million euros
Mar 27, 2024 1:49 AM

PARIS (Reuters) - French car maker Renault said in a statement it plans to sell about 2.5% of Nissan's ( NSANF ) shares to the Japanese care maker in a deal that could result in a cash inflow of up to 362 million euros ($391.76 million).

The shares to be sold are part of the 24.63% of Nissan's ( NSANF ) capital held by a French trust and the sale will be implemented as part of share buyback program announced by Nissan ( NSANF ), Renault said.

($1 = 0.9240 euros)

(Reporting by GV De Clercq, editing by Inti Landauro)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Chubb to Compensate Maryland $350 Million for Baltimore Bridge Disaster Within Weeks
Market Chatter: Chubb to Compensate Maryland $350 Million for Baltimore Bridge Disaster Within Weeks
May 2, 2024
06:23 AM EDT, 05/02/2024 (MT Newswires) -- Chubb ( CB ) is preparing to pay the full insurance payout of $350 million to the US state of Maryland to cover the costs of the collapsed Francis Scott Key Bridge in Baltimore, the Wall Street Journal reported Thursday, citing the bridge's insurance broker, WTW (WTW). Chubb ( CB ) has opted...
Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports
Insurer Chubb prepares to pay $350 mln in Baltimore bridge collapse, WSJ reports
May 2, 2024
May 2 (Reuters) - Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North...
Canadian Natural Resources Q1 Adjusted Net Earnings Decline
Canadian Natural Resources Q1 Adjusted Net Earnings Decline
May 2, 2024
06:22 AM EDT, 05/02/2024 (MT Newswires) -- Canadian Natural Resources ( CNQ ) on Thursday reported lower first-quarter adjusted net earnings from operations despite a slight increase in production. The company posted first-quarter adjusted net earnings of $1.47 billion, or $1.37 per diluted share, down from $1.88 billion, or $1.69 per diluted share, in the year-ago quarter. The result missed...
DoorDash Shares Take Hit From Downbeat Second-Quarter Core Profit Outlook
DoorDash Shares Take Hit From Downbeat Second-Quarter Core Profit Outlook
May 2, 2024
06:23 AM EDT, 05/02/2024 (MT Newswires) -- DoorDash's ( DASH ) stock fell early Thursday after the food delivery company recorded a slightly wider-than-expected first-quarter loss, while its short-term core profit outlook fell short of market estimates at the midpoint. Adjusted earnings before interest, taxes, depreciation and amortization is pegged at $325 million to $425 million for the second quarter,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved