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Renault cancels the IPO of its electric subsidiary Ampere

2024-01-29T17:29:27.701Z

Highlights: Renault cancels the IPO of its electric subsidiary Ampere. “Current market conditions are not met to continue the IPO process,” the group said in a press release. The IPO was planned for 2024, but was canceled on Monday. The automobile group believes that “current market conditions aren’t met to pursue” this project. More information to come... The announcement was made by the Renault Group, which owns the Renault brand and the majority of the Renault Espace.

The automobile group believes that “current market conditions are not met to pursue” this project.

Renault Group announced on Monday

“cancel”

the IPO of its electric subsidiary Ampere, which was planned for 2024.

“Current market conditions are not met to continue the IPO process and best serve the interests of Renault Group, its shareholders and Ampere

,” the group said in a press release.

More information to come...

Source: lefigaro

All business articles on 2024-01-29

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