France selling 4.7% stake in Renault: government agency

The French government on Thursday launched the sale of a 4.73 percent stake in automaker Renault, a state agency handling public assets said. The sale will cut France’s stake in Renault back to the 15.01 percent level that it stood at two-and-a-half years ago, but still leaves it as the automaker’s biggest single shareholder. In April…