Renault banks €1.14bn from sale of Daimler stake
![mercedes_Damler_Alamy_575x375_March12.jpg](https://assets.euromoneydigital.com/dims4/default/22ab5d4/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fe6%2Fec%2Fc3e487352477020fcdbece2a3ff5%2Fmercedes-damler-alamy-575x375-march12.jpg)
Renault, the French car company, has raised €1.14bn from a sale of shares in German rival Daimler, the parent of Mercedes-Benz. The French firm will use the proceeds to reduce debts.
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