-- Renault SA is sticking to a plan to list its Ampere electric vehicle and software unit in the first half of next year, undaunted by recent market jitters.That period likely still is the “best window” for an IPO, Chief Financial Officer Thierry Pieton said Thursday. The company earlier reported third-quarter revenue that missed estimates. The shares fell as much as 6.6%.
The move will allow Renault to “optimally reallocate part of its capital,” Pieton said, adding that the stake sale will be closely coordinated with Nissan. Operating margin in the second part if the year will exceed that of the first half, which stood at 7.6%, Renault said.
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