France denies Renault stake sale talk

Newswire

PARIS, August 21 (Reuters) - The French government on Wednesday dismissed market speculation that it was about to sell off its 25 percent stake in carmaker Renault . Rumours of an imminent placing of stock, which weighed on Renault shares on Wednesday, were unfounded, the Treasury said. Renault shares closed earlier at 50.2 euros, down 0.1 percent, after falling from a peak of 51.8 euros late in the session. The stock underperformed the European auto sector by almost two percent on ...

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