As part of its share buyback program, Renault Group has given an investment services provider (ISP) a mandate to acquire up to two million shares.

The carmaker specifies that these share buybacks will be carried out by the ISP according to market conditions, over a period starting this May 24 and extending until June 7.

The shares repurchased are intended to cover Renault's obligations towards beneficiaries of performance shares or any long-term incentive plan implemented for the benefit of the Chief Executive Officer and senior executives.

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