Renault Group sold to Nissan 195 473 600 Nissan shares for €494 million [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
Company Research
Source: Yahoo! Finance
for €494 million Boulogne-Billancourt, September 27, 2024 After two sales of Nissan shares on December 13, 2023, and on March 28, 2024, Renault Group has completed a third transaction on September 27, 2024 and sold to Nissan 195 473 600 Nissan shares representing approximately 5.0% of Nissan's capital It results in a cash inflow of €494 million, which further improves the Automotive net cash financial position and allows faster deleveraging of the Group. It also supports the Group's target to return to an investment grade rating This sale was implemented as part of the share buyback program announced by Nissan on September 26, 2024 and executed on September 27, 2024. As a result of Nissan's decision to cancel all the bought back shares , the transaction will be accretive for Nissan's shareholders (see table below for more details). This cancellation will be implemented on October 3, 2024. As a consequence of the sale of 195 473 600 Nissan shares, the accounting impacts will
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