French car maker Renault (EPA:RENA) said in a statement it plans to sell about 2.5% of Nissan (OTC:NSANY)’s shares to the Japanese care maker in a deal that could result in a cash inflow of up to 362 million euros ($391.76 million).
The shares to be sold are part of the 24.63% of Nissan’s capital held by a French trust and the sale will be implemented as part of share buyback program announced by Nissan, Renault said.
