Renault to buy back up to 10 pct of stock

PARIS, April 17 (Reuters) - French carmaker Renault (RENA.PA) said on Thursday it was proposing to buy back up to 2.9 billion euros ($4.63 billion) or 10 percent of its equity at a maximum price of 150 euros per share.

Renault said in a statement its shareholders would vote on the buyback programme at the company's annual shareholders meeting scheduled on April 29, and the numbers of shares that could be bought cannot exceed 10 percent of total shares. (Reporting by Gilbert Kreijger)