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HomeTop StoriesNissan to Buy Back $824 Mln Stake From Renault

Nissan to Buy Back $824 Mln Stake From Renault

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Renault plans to sell a 5% stake in Nissan Motor back to the Japanese carmaker for up to 765 million euros ($823.6 million).

The French company said Tuesday that the sale of the Nissan shares could result in a capital loss of up to EUR1.5 billion which would hit net profit in its own accounts. This is the maximum amount and could be adjusted at year-end, Renault said.

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