“
About it reports Planet F1.
According to the source, it is about the full sale of stables and the sale of a large package of shares.
The last week in the stock market for Renault Group has been a failure: the carmaker lost 18% of the value of his shares after warning about reducing the profit forecast.
After Luke de MEO left the post of CEO of Renault, the company’s free cash flow was only 47 million euros. According to analysts, this amount should be at 645 million.
This led to the fact that the cost of Rena.pa fell 18% to 33.8 euros per share. On July 10, one Renault stock cost 40.79 euros.
Renault explained that cars sales were lower than expected, but despite the protection against the tariffs imposed by US President Donald Trump, the company still remains sluggish.
In this regard, the French carmaker considers the option of selling Alpin or a large package of shares to reduce the losses and costs of the Formula-1 team. Recall that Renault owns 76% of the shares of the Alpin, selling 24% of investor consortium in mid -2023.
Last year, the French reduced their influence on the team, announcing the closure of the production program for formula-1, starting from next season. The mountaineering will switch to Mercedes power units. It is believed that at the expense of this the French team will save 100 million euros.
”, – WRITE: Champion.com.ua
About it reports Planet F1.
According to the source, it is about the full sale of stables and the sale of a large package of shares.
The last week in the stock market for Renault Group has been a failure: the carmaker lost 18% of the value of his shares after warning about reducing the profit forecast.
After Luke de MEO left the post of CEO of Renault, the company’s free cash flow was only 47 million euros. According to analysts, this amount should be at 645 million.
This led to the fact that the cost of Rena.pa fell 18% to 33.8 euros per share. On July 10, one Renault stock cost 40.79 euros.
Renault explained that cars sales were lower than expected, but despite the protection against the tariffs imposed by US President Donald Trump, the company still remains sluggish.
In this regard, the French carmaker considers the option of selling Alpin or a large package of shares to reduce the losses and costs of the Formula-1 team. Recall that Renault owns 76% of the shares of the Alpin, selling 24% of investor consortium in mid -2023.
Last year, the French reduced their influence on the team, announcing the closure of the production program for formula-1, starting from next season. The mountaineering will switch to Mercedes power units. It is believed that at the expense of this the French team will save 100 million euros.