Following on from its announcement of yesterday, Renault Group reports that it has sold 99,132,100 Nissan shares to Nissan, representing around 2.5% of the Japanese company's capital, resulting in a positive cash flow of 358 million euros.

This transaction improves the automotive division's net financial position and accelerates the French group's debt reduction. This transaction also supports its objective of regaining an investment grade financial rating.

In accordance with the new Alliance agreement, Renault Group has the option to sell the remaining shares not repurchased by Nissan, representing 181,557,900 shares, over a period of 180 days to Nissan or third parties.

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