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Splitting Renault, Luca de Meo's stock market bet

2022-04-22T18:02:36.996Z


DECRYPTION - The manufacturer's boss seeks to better enhance the electrical activity. Luca de Meo sees a light at the end of the tunnel of crises that Renault has been going through for months: persistent shortage of semiconductors, cessation of activities in Russia and ruinous exit from the capital of the Lada manufacturer… The scenario of separation of electrical and thermal activities would bring in capital and would enhance the assets of the Losange in the electric market on th


Luca de Meo sees a light at the end of the tunnel of crises that Renault has been going through for months: persistent shortage of semiconductors, cessation of activities in Russia and ruinous exit from the capital of the Lada manufacturer… The scenario of separation of electrical and thermal activities would bring in capital and would enhance the assets of the Losange in the electric market on the stock market, assures the manager.

Renault could better assert its expertise in battery-powered vehicles acquired nearly ten years ago.

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Over the months, Luca de Meo is sorry to see the market valuation of "the box" melt, as he calls it.

It fell from 11 billion euros in February to less than 7 billion on Friday.

Opposite, the pure players of electricity succeed in attracting capital, even when their economic model is risky.

The project consists on the one hand of listing Renault's electrical activities concentrated in France on the stock exchange, and on the other of opening up the capital of the activities…

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Source: lefigaro

All business articles on 2022-04-22

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