RENAULT supported by France
RENAULT SA (EPA: RNO) is a French manufacturer of vehicles founded in 1898 by Louis Renault.
Produces from small and medium cars, vans, buses and trucks.
It is known for developing prototypes, such as the Renault 16 or minibuses Twingo, Scénic and Espace.
The French state bought 9.6 million Renault shares, and is planning future purchases.
The cost of these purchases shall be between EUR 814mn and EUR 1,200 mn.
The State participation should be increased from 15% to 19.7%, with voting rights to increase to 23.2% (previous vs.17,7%).
This high involvement of the French State in the automaker should be temporary, serving only to protect the voting rights.
Read more:
http://group.renault.com/en/finance-2/analysts-investors/capital-markets/
bewayopa 
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