The Traderszone Network

Published in TZ Latest News 8 April, 2015 by The TZ Newswire Staff

State does not plan to keep extra Renault shares: Macron

The French state has no intention of holding on to extra shares it is purchasing in car-maker Renault (RENA.PA) as part of an effort to maintain double voting rights acquired under a new law, Economy Minister Emmanuel Macron said on Thursday. The Finance Ministry announced on Wednesday it was raising its holding in Renault to 19.7 percent from 15 percent in a move designed to secure double voting rights for longer-term investors — itself included — after a vote at Renault’s April 30 shareholder meeting.

read more