Refile: BUZZ-Renault shares rise after media report on past stake interest from BYD
REFILE-BUZZ-Renault shares rise after media report on past stake interest from BYD Refiles to remove extraneous word from headline.
** Shares in French carmaker Renault RENA.PA edge up 2% after French business daily Les Echos reported that Chinese competitor BYD 002594.SZ had made two unsuccessful approaches to acquire a stake in the business
** The first attempt dates back to 2024, followed by a second approach in autumn 2025, Les Echos reports
** Renault was not immediately available for comment
** ODDO BHF analyst Michael Foundoukidis says the interest shows Renault "remains an attractive industrial platform in Europe, with high-quality assets and capabilities that global players are actively seeking to access"
** The rejection of these proposals highlights a clear strategic stance from the company to preserve control in its core European market, the analyst adds
** Foundoukidis says Renault prioritises targeted partnerships instead of "engaging in capital alliances that could dilute governance"
(Reporting by Dimitri Rhodes in Gdansk)