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March Renault News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Renault sells stake in Russia s Avtovaz, with buyback option

Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on Monday, adding that the deal included a…

Renault to sell stake in Russia s Avtovaz, with buyback option

The Western carmaker most exposed to the Russian market, Renault added that its holding of nearly 67.69% in Avtovaz would be sold to the Russian Central Research and Development Automobile and Engine Institute, called Nami.

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