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Renault confirms bought 10 pct of 14 mln shares sold by French state


Friday, 3 Nov 2017 03:04am EDT 

Nov 3 (Reuters) - Renault :Says bought 10 percent of 14 million Renault shares sold by French state.Renault says sale evidences the support that the French state as shareholder of Renault gives to the strengthening of the alliance.Renault says state's take sale is timely in support of the "drive the future" strategic mid-term plan, that Groupe Renault just launched.Renault confirms it bought back the shares with a view to distributing them to current and former employees.