When a government makes a public denial about not wanting to sell off public assets then usually it ought not to be believed.
So when the French Economy Minister said that his government has no plans to sell off its 15 percent stake in Renault, it ought not to be believed.
The government of France is looking to raise 5-10 billion euros by selling off over 100 publicly owned assets in the next 18 months, the Economy Minister, Emmanuel Macron, has stated that selling its stake in Renault is not a top priority. Sooner or later it may well become a priority.
Or maybe not, the French government recently took a 14 percent stake in Peugeot/Citroen to fund increased production.
Together with China’s Donfeng Motor’s, which also purchased a 14 percent stake, the Peugeot/Citroen alliance is looking to forge new boundaries outside of its bread and butter european sales market.
If the French government were to release its Renault shares then the likely bidder would be Nissan, the two company’s already have a well heeled industrial partnership.