Nissan intends to have a share buy-back between 29 February and 22 December of this year. Renault’s management made it clear that it intends to maintain the 43.4% stake in Nissan, i.e. it will sell Nissan shares if the share buy-back happens. Renault showed net debt of €26.5bn at the end of 2015 while Nissan’s interim Q3 report showed net debt of Y6.67tn (c. €53bn), i.e. both companies have substantial amounts of net debt on their books.
26 Feb 2016
Is Renault in need of cash?
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Is Renault in need of cash?
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
26 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Nissan intends to have a share buy-back between 29 February and 22 December of this year. Renault’s management made it clear that it intends to maintain the 43.4% stake in Nissan, i.e. it will sell Nissan shares if the share buy-back happens. Renault showed net debt of €26.5bn at the end of 2015 while Nissan’s interim Q3 report showed net debt of Y6.67tn (c. €53bn), i.e. both companies have substantial amounts of net debt on their books.