Deals
Renault Says It Won’t Dispose of Volvo AB Stake Soon
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Renault SA, France’s second-biggest carmaker, doesn’t aim to sell its stake in Swedish truckmaker Volvo AB soon because the manufacturer has enough funds to reduce debt, Chief Operating Officer Patrick Pelata said.
Disposing of the holding will depend on the stock’s price and the French company’s financing needs, Pelata told reporters today at the opening of a research center in Titu, Romania.