A couple of years ago, the French government increased its stake in Renault to 19.73 percent, boosting its influence and secure double voting rights for longer-term investors – itself included – in an alleged attempt to block a resolution that could’ve reduced its control over the company.
At the time, many viewed it as a challenge aimed squarely at Chief Executive Carlos Ghosn and decried the use of the company as a political football. Today, the French government sold 14 million Renault shares, cutting its stake back to 15 percent.















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