PARIS (Reuters) -- The French government has now sold a 9.35 percent stake in Renault after the exercise of an option linked to the July sale of part of its stake in Europe's biggest automaker, J.P. Morgan Securities said in a statement on Friday.
The government cut its stake to 15 percent in July after selling about 24.2 million shares, representing 8.5 percent of its stake in Renault, to institutional investors with an option to expand the sale by 2.4 million shares.
J.P. Morgan, which coordinated the transaction, said that option had now been exercised.
