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29 Jan
21:07

Renault ditches Ampere’s IPO plans amid bearish market

French carmaker Renault Group will no longer pursue an initial public offering (IPO) for its EV and software subsidiary Ampere, the company said in a statement on Monday. The IPO was planned for the first half of the year, subject to market conditions. According to Renault, “the current equity market conditions are not met to optimally pursue the IPO process” in the best interests of the company, its shareholders and Ampere. It did not elaborate furth…
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