Hyperdrive
Renault to Start Selling Nissan Stake Soon Amid EV IPO Pitch
- Carmaker to unveil a sub-€20,000, Europe-made EV Wednesday
- Qualcomm is close to agreeing to invest in IPO, CFO says
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Renault SA wants to start selling a 28% stake in long-time partner Nissan Motor Co. “very soon” as part of the French carmaker’s ambitious electric-vehicle development plan, which includes an initial public offering of its EV arm Ampere.
Sales of the stock could start in early 2024, Renault Chief Executive Officer Luca de Meo said Wednesday in an interview with Bloomberg Television’s Caroline Connan. The selling will be coordinated with Nissan, he said.