Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Renault-Nissan is to increase ownership in AvtoVAZ to 50 percent
14.03.2012 15:27
Renault-Nissan is to increase ownership in AvtoVAZ to 50 percent

Renault-Nissan, one of the largest shareholders of AvtoVAZ, may acquire control stock of the Russian automobile giant already by April this year.

      
‘Signing the agreement was put off because of elections in Russia. Now the issue will be solved within some weeks. Renault-Nissan will become the owner of 50% plus one share of AvtoVAZ’, said the General Director of Renault Russia Bruno Ancelin to the newspaper La Tribune.

      
‘The agreement won’t be signed before the start of April’, said unofficial source to the newspaper.

      
The President of AvtoVAZ Igor Komarov has noted earlier that the deal could be closed this spring. ‘At the moment all the major issues between the share-holders have been solved. We have all chances to sign the agreement this spring’, said the official in the mid December last year.

      
Komarov noted that after acquisition AvtoVAZ will keep on developing national automobile industry.

      
 

      
The Renault-Nissan Alliance, established in March 1999, is the first industrial and commercial partnership of its kind involving a French and a Japanese company.

      
 

      
      
 

      
Author: Irina Fomina

Tags: Russian automobile industry     

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Bio Printing  Mercedes-Benz Fashion Week Russia  Sculpture  Maloyaroslavets  Bashkiria  Tikhaya Bay  Resources  Russia-Cuba  Russian scientists  Oleg Yefremov  Russian science  Russian circus  Sokolniki  Sochi  satellite  Exhibitions in Moscow  Leo Tolstoy  Rogovs House  Kirovsk  Russian tourism  Russian business  New Films  Great Patriotic War  Russian winter  the Urals region  Belgorod  Samara Region  Mamin-Sibiryak  Dymkovo toy  Kamchatka Cuisine  Moscow  Russian souvenirs  St. Petersburg  buy Russian designers  Vandalism  Russian economy  taxi price  Anton Siluanov  Titian  Mariinsky theatre  Ferapontovo  Penza Museums   Russian Cinema  Russian technologies  Samovars  bailiffs  Golden Ring  Constructivism  Smolensk Oblast  tourism 


Travel Blogs
Top Traveling Sites