PARIS (Reuters) – A significant portion of the capital of Renault’s future electric entity could remain floating on the stock market, the diamond group’s chief executive said in an interview published on Tuesday, without specifying which other potential investors could join Qualcomm and Nissan in the future. Ampère’s round table.

“We have received expressions of interest from several investors, which is reassuring,” Luca de Meo told the Tribune.

“We must also leave some float, because we want to keep a large majority all the same. I remind you that Porsche left 10% float, I think that we are aiming for a higher percentage, a minority, but sufficient to ensure enough liquidity”, a he added.

He was referring to the German sports and luxury car maker’s $72 billion IPO last year, the largest the German market has seen since 1996.

Sources have said that Renault’s Ampère entity could be valued at up to ten billion euros.

To a question about the IPO calendar, Luca de Meo replied: “We have always said that we are putting ourselves in the conditions to be able to press the button to make an IPO from the end of 2023.”

Asked about the recent turbulence at the head of his historic partner Nissan and its repercussions on the signing of the final agreements for the restructuring of the Renault Nissan alliance, the general manager of Renault refused to comment.

“I will not allow myself to comment on the governance of Nissan. The projects are progressing well. And we have created a solid and excellent relationship with Makoto Uchida, the general manager of Nissan, for the benefit of both our companies,” he said. he said, adding that the deal “would be completed by the end of 2023”.

(Tassilo Hummel report, Gilles Guillaume, edited by Kate Entringer)

Copyright © 2023 Thomson Reuters