UPDATE 4-French government cuts stake in Renault to 15 pct

Newswire

(Adds placement pricing, government comment, updates shares) By Alison Tudor and Jean-Michel Belot LONDON/PARIS, July 28 (Reuters) - The French government will raise about 1.3 billion euros ($1.49 billion) by cutting its holding in Renault to 15 percent, a move analysts said would boost investor sentiment towards the carmaker. Bankers handling the sale said on Monday the French government was selling about 8.5 percent of Europe's fourth-biggest automaker on the open market, making it ...

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