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Renault SA (RNLSY)
| Previous close | 5.1000 |
| Open | 5.0000 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 4.9600 - 5.0200 |
| 52-week range | 4.4400 - 8.9050 |
| Volume | |
| Avg. volume | 123,458 |
| Market cap | 7.196B |
| Beta (5Y monthly) | 1.97 |
| PE ratio (TTM) | 7.33 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 28 Apr 2020 |
| 1y target est | N/A |
- Financial Times
Renault/VW: De Meo shows greater realism than Diess with Russia exit
How do you double the value of a Lada? The sale by Renault of its Russian assets, including a stake in Lada maker Avtovaz for a token sum, underlines the painful choices facing western businesses once active in the country. Renault boss Luca de Meo has shown a better grasp of political reality than Herbert Diess.
- Financial Times
Renault sells Russia business and stake in Lada maker for 2 roubles
Renault is selling its entire Russian operation including its stake in Lada-maker Avtovaz for 2 roubles, in one of the most significant retreats by a foreign company since the invasion of Ukraine. The French group’s exit, which involves a €2.2bn writedown and the sale of its businesses in Russia to a state-backed group and to the City of Moscow, highlights the lack of options for businesses trying to leave the country without huge losses on their investments. Chief executive Luca de Meo told the FT last week that the decision to leave Russia had been “painful”, but that the company was “forced to decide” because it was unable to build cars in the country.
- Reuters
Renault sells Russia's Avtovaz stake, but leaves room for return
Moscow Mayor Sergei Sobyanin said that in order to preserve thousands of jobs, Renault's plant in the city would be used to restart production of the Soviet-era Moskvich brand. Renault, the Western carmaker most exposed to the Russian market, said on Monday that its holding of nearly 67.69% in Avtovaz would be sold to the Russian Central Research and Development Automobile and Engine Institute, called Nami. Two sources familiar with the situation told Reuters that Renault Russia and the Avtovaz stake were sold for a symbolic one rouble ($0.016) each.
