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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… ....

Clarence Fernandez , Benoit Van Overstraeten , Renault Russia , March Renault ,

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. ....

Engine Institute , Russian Central Research , Development Automobile , Renault Russia , March Renault ,