UPDATE 2-French government cuts stake in Renault to 15 pct

Newswire

(Adds details, background) By Alison Tudor and Jean-Michel Belot LONDON/PARIS, July 28 (Reuters) - The French government will raise about 1.3 billion euros from selling part of its holding in Renault in a move seen boosting long term sentiment in shares of the French carmaker. Bankers handling the sale said the French government would sell about 8.5 percent of Europe's fourth biggest automaker through the open market. After the placement and a subsequent offering to employees, the ...

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