French carmaker Renault exits Daimler in €1.1B+ deal
March 15, 2021
Renault has sold its entire stake in German carmaker Daimler for €69.50 per share. The deal, which has no effect on the industrial partnership between the two companies, values the 1.5% holding at more than €1.1 billion. Renault will use the proceeds of the sale to pay off debt.