French State Won't Sell Renault Shares at Loss, Macron Says

The French government will reduce its holding in Renault as planned though it won’t sell the shares bought earlier this year at a loss, Economy Minister Emmanuel Macron said.

The government lifted its stake in the car maker to 19.7 percent earlier this year to fend off a motion that would have ended double voting rights. The reduction of the holding back down to 15 percent will be done over time.