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Renault to sell 5% stake in Nissan under share buyback program
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alliance, Renault said in a statement on Tuesday. The sale will be implemented under the company's share buyback program announced by Nissan.
The buyback program will be executed on Wednesday, company added in its statement. Renault and Nissan finalised at the end of July the terms of a restructuring of their alliance after months of negotiations, aiming for a downsized, but more pragmatic and agile partnership.
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