Renault : Ampère: IPO cancelled but ambitions intact
>IPO cancelled due to the context and a stronger financial performance - Yesterday evening, Renault announced the cancellation of the planned listing of Ampère, its electric vehicle and software unit. As of the latest update, the listing was planned for H1 2024, but the carmaker yesterday said market conditions were not suitable for its success in the best conditions. However, Renault reiterated that its strategic plan and that of Ampère will be self-financed and that...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
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