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Automotive Industry
Industry: Email Alert RSS FeedFrench government to sell stake
Automotive Industries, August, 2003 by Andrea Wielgat
The government hopes to raise about $149 billion by selling 8.5 percent or 24.2 million shares of Renault SA on the open market The government will also offer 3 million shares to employees. Once the share offering is complete the government will own about 15 percent of the company down from the 25.9 percent it had previously owned.
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The government plans to hold onto the 15 percent stake for the short to medium term.
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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 »