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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

France to withdraw investment in Renault battery plant

Posted on 11 July 2011

In a significant blow to Renault’s electric vehicle battery programme, the French Strategic Investment Fund has decided to withdraw its plans to invest €125million in the project. According to reports in La Tribune, a €100million public loan will also no longer be granted.
Currently,Franceowns a 15 per cent stake in Renault which is investing €4billion, along with its alliance partner Nissan, into its electric vehicle programme……………………………………….Full Article: Source


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