French car manufacturer Renault is seeking to offload around EUR 1 bn of real estate assets, or one sixth of its property portfolio worldwide in a bid to raise fresh equity, French newspaper Le Monde has reported. The portfolio inlcudes 138 assets across Europe, of which 72 in France.
French car manufacturer Renault is seeking to offload around EUR 1 bn of real estate assets, or one sixth of its property portfolio worldwide in a bid to raise fresh equity, French newspaper Le Monde has reported. The portfolio inlcudes 138 assets across Europe, of which 72 in France.
The disposals will be carried out in the course of 2009 and 2010. According to the French paper, the carmaker is in talks with an unnamed insurance group, a pension fund and a property company with regards to a possible sale.
