Renault Group to sell to Nissan up to 211,000,000 Nissan shares representing approximately 5% of Nissan capital

Press Release December 12, 2023  Renault Group to sell to Nissan up to 211,000,000 Nissan shares representing approximately 5% of Nissan capitalBoulogne-Billancourt, December 12 th, 2023Renault Group announces that it will sell to Nissan up to 211,000,000 Nissan shares, representing approximately 5% of Nissan capital, among the 28.4% of Nissan shares that were transferred by Renault Group into a French trust on November 8, 2023. This sale will be implemented as...

Boulogne-Billancourt, 12/12/2023 (informazione.news - comunicati stampa - industria)

Renault Group to sell to Nissan up to 211,000,000 Nissan shares representing approximately 5% of Nissan capital

Boulogne-Billancourt, December 12 , 2023

Renault Group announces that it will sell to Nissan up to 211,000,000 Nissan shares, representing approximately 5% of Nissan capital, among the 28.4% of Nissan shares that were transferred by Renault Group into a French trust on November 8, 2023.

This sale will be implemented as part of the share buyback program announced by Nissan on December 12, 2023, and that will be executed on December 13, 2023.

In accordance with the New Alliance Agreement, Renault Group and Nissan will continue to hold cross-shareholdings of 15%.

Assuming a maximum number of 211,000,000 Nissan shares sold at a share price of ¥568.5, this sale would result, at the transaction date, in:

The transaction will have no impact on the remaining Nissan shares on the balance sheets of Renault Group and Renault S.A.

This disposal fits in with Renault Group's capital allocation strategy, which consists of 2 phases:

About Renault Group

Renault Group is at the forefront of a mobility that is reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Renault Group comprises 4 complementary brands - Renault, Dacia, Alpine and Mobilize - offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold 2.1 million vehicles in 2022. It employs nearly 106,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Group's ambition is to achieve carbon neutrality in Europe by 2040.
More information: https://www.renaultgroup.com/en/

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