(CercleFinance.com) – As part of the implementation of its share buyback program, Renault Group indicates that it has entrusted an investment services provider (ISP) with a mandate relating to the acquisition of a number maximum of 636,000 shares.
The car manufacturer with the diamond specifies that these buybacks will be carried out according to market conditions, over a period starting on November 14 and which may extend until November 18.
The shares thus bought back are intended to cover Renault’s obligations with regard to the beneficiaries of the long-term incentive plans implemented for the benefit of the group’s employees and corporate officers.