Daimler sells stake in Renault

Mercedes-Benz parent company Daimler sells its Renault shares. Renault also sold its stake in Daimler earlier this year. The two parties are now separated from each other after a long cooperation in terms of importance. However, the collaboration itself does not seem to be coming to an end yet.

Daimler and Renault have been working together for many years, which resulted in an interest of both parties in each other’s company more than ten years ago. However, Renault sold all its shares in Daimler at the beginning of this year and now it is happening the other way around. This is reported by Bloomberg news agency. Daimler had had an interest in Renault for more than ten years, up to now about three percent, good for a value of roughly €300 million. Earlier this year, Renault emphasized when selling its share in Daimler that it does not mean that the two parties will also end their cooperation. As far as known …

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Source: AutoWeek by www.autoweek.nl.

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