Renault Confirms Scania Share Sale Agreement with MAN

By admin - Posted on September 19th, 2006

Renault Confirms Scania Share Sale Agreement with MAN

Sept. 18, 2006 -- Renault confirms that it has agreed to sell its 2.8% share of Scania’s capital representing 5.18% of the voting rights to MAN.

Renault has held a share of Scania’s capital in its equities portfolio since 2004. The disposal of these non-core assets will contribute to the repayment of its bonds.

The detailed terms of the agreement are not being disclosed at this point.

Source: Renault

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Renault Confirms Scania Share Sale Agreement with MAN