UPDATE 1-French govt cuts stake in Renault


(Adds details) LONDON, July 28 (Reuters) - The French government is selling about 8.5 percent of French carmaker Renault on Monday through the open market, said bankers handling the sale. Following this placement and a subsequent offering to employees, the French state will own around 15 percent of Renault's capital. JP Morgan is acting as the global coordinator of the sale of 24.2 million shares, alongside Societe Generale and Deutsche Bank , which are the bookrunners. JP Morgan ...

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