Renault to sell 34% of its Korea unit to China's Geely for $207m

Renault to sell 34% of its Korea unit to China's Geely for $207m

REUTERS/Damir Sagolj

Renault will sell just over a third of its Korea unit to China’s Geely Automobile Holdings for 264 billion won ($207 million) as the French automaker looks to shore up sales in its home market and focuses on its electric business.