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Industry: Email Alert RSS FeedRenault can block a takeover.(News)
Automotive News Europe, August, 2003
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Renault is confident it can block any unwanted takeover bid, even though it no longer enjoys the protection of the French government as its No. 1 shareholder.
The French government started late last month cutting its shareholding in Renault to 15 percent from 25.9 percent. Most shares were sold to institutional investors, with the remainder poised to go to Renault employees this autumn.
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With only 15 percent of equity in Renault, France is no larger a shareholder than Nissan, Renault's Japanese affiliate, which bought a 15 percent stake in Renault last year. Renault owns 44 ...
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Most Popular Articles in Autos
- Service Slants
- 2007 utility vehicle buyer's guide: Side-By-Sides are popular; here's who ...
- Transmission considerations: beyond the manual gearbox
- Buell Motorcycle engineering, innovation, & dedication: in an industry ...
- 100 + 10: America's oldest automotive magazine celebrates its 110th year ...
- More »