China's Geely Confirms Saudi Aramco to Buy 10% Stake in Renault JV [BNN Bloomberg (Canada)]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
Company Research
Source: BNN Bloomberg
The transaction values Horse Powertrain Ltd. at €7.4 billion ($7.93 billion), with Renault and Geely each retaining 45% stakes, the Chinese automaker said on Friday, confirming a previous report by Bloomberg News. The three companies announced plans last year to make combustion engines and hybrid powertrains through a joint venture. Saudi Aramco said at the time that it planned to own as much as 20% of the venture. The deal is a key plank in Renault Chief Executive Officer Luca de Meo's overhaul of the French car manufacturer. Horse, officially created in May, has 17 plants and about 19,000 employees, with capacity to supply more than 5 million internal combustion, hybrid and plug-in hybrid engines annually. It's expected to have €15 billion in annual revenue. ©2024 Bloomberg L.P. Top Picks Top Stories Canada economy on track to grow 1.8% in second quarter Too much Canada is hurting Canadian retirement investors Business and consumer insolvencies rise in May from last
Show less
Read more
Impact Snapshot
Event Time:
RNLSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RNLSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RNLSY alerts
High impacting RENAULT SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
RNLSY
News
- Aramco to acquire 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company established by Renault Group and Geely [Yahoo! Finance]Yahoo! Finance
- French Companies Are Rushing to Sell Junk Debt Ahead of Election [BNN Bloomberg (Canada)]BNN Bloomberg
- RCI BANQUE ISSUES A 750 M€ 10.25 YEARS TIER 2 SUBORDINATED BOND [Yahoo! Finance]Yahoo! Finance
- Renault Group : Information relating to the total number of voting rights and share capital - May 31, 2024 [Yahoo! Finance]Yahoo! Finance
- Asia's Leading Startup Fair 'NextRise 2024' Concludes With Record Scale [Yahoo! Finance]Yahoo! Finance