Renault Argentina Delists From Local Exchange

Renault Argentina, a subsidiary of the French motor company, has delisted its shares from the local Buenos Aires Stock Exchange. The shares ceased to be listed on the Exchange from Tuesday, following a process initiated by the French company when it took full control of its subsidiary last year via a public share offering. Analysts questioned the value of a local listing when Renault Argentina took the step to float its stock in 1999.