Renault postpones IPO of its electric vehicle division – Kommersant
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The Renault Group has decided to postpone the upcoming initial public offering (IPO) of its Ampere electric vehicle division. About this during conferencesdedicated to updating the financial forecast for 2023, said the company’s chief financial officer, Thierry Pieton.
“We expect the spin-off of Ampere to be completed in the second half of this year, we will continue to target the most favorable window for an IPO, and that window is likely to be in the first half of 2024,” Mr. Pieton said.
The Renault Group has significantly improved its forecast for 2023. The group’s operating margin is now expected at 8% vs. 6% previously expected and 6.2% forecast by analysts. Automotive operating cash flow should be €2.5bn versus €2bn previously forecast. The company’s shares rose by 5.7% amid improved forecasts.
About how global sales of electric vehicles grew in 2022, “Kommersant” told in the material “The current has risen to the stream”.
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