Renault SA (RNL.BE)
- Bloomberg
China’s Geely Confirms Saudi Aramco to Buy 10% Stake in Renault JV
(Bloomberg) -- Saudi Aramco will take a 10% stake in an automotive joint venture with France’s Renault SA and China’s Zhejiang Geely Holding Group Co., a smaller commitment than originally signaled by the world’s biggest oil company. Most Read from BloombergGavin Newsom Is Ready for the Biden EmergencyThe Question on Democrats’ Minds: How to Replace Biden?Biden’s Disastrous Debate Accelerates Doubts Over CandidacyPanicked Emails, Gallows Humor: The Aftermath of Biden's Debate DisasterSupreme Cou
- GlobeNewswire
Aramco to acquire 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company established by Renault Group and Geely
Aramco to acquire 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company established by Renault Group and Geely Aramco has signed definitive agreements to acquire a 10% equity interest in HORSE Powertrain Limited (“HORSE”) valuing the target at €7.4 billion enterprise value. Renault Group and Geely each retain 45% equity stakes.The investment by Aramco, will support the growth of HORSE Powertrain limited and contribute to the development of competitive power
- Zacks
What Makes RENAULT (RNLSY) a New Strong Buy Stock
RENAULT (RNLSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
