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

Renault-Nissan acquired AvtoVaz blocking shareholding for $1 billion
29.02.2008 14:17
Renault-Nissan acquired AvtoVaz blocking shareholding for $1 billion

Renault-Nissan Alliance has acquired the blocking shareholding (25% plus one share) of AvtoVaz, the Russian biggest car-manufacturer. The company reportedly paid $1 billion.
      The parties have concluded an agreement on strategic partnership implying cooperation in the fields of technological development and conducting marketing campaigns.
      The Russian Federal Antimonopoly Service approved the deal on the 26th of February. AvtoVazs production plans will be unveiled only in December, 2008, when a detailed business plan for 2009-2012 is expected to be prepared.
      Russian Business


Next Previous

You might also find interesting:

"Pobeda" has Become the Fourth Largest Russian Company
Russian Company Raises $ 15 Million from a Group of Investors
Russian Designers will Sell Jewelry via Tmall
Russian Startups will be Able to Take Part in the Facebook Accelerator
Quota Limits for Foreign Workers in Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Domodedovo  Bashneft  SahArt  St. Petersburg  Russian television  Russian airlines  Tula  Master-Bank  renewable energy  criminality  Russian Actresses  Russian directors  Angarsk  Mercedes-Benz Fashion Week Russia  Street Art  Kostroma  Russia Travel Tips  Advertizing  Russian business  Sakhalin  Russian painters  travel to Russia  river cruises  Honey Waterfalls  Perm  Russian tourism  Exhibitions in Moscow  Fashion events  Islands  Russian Cinema  Uzdunrobita  Peter III  Russian Animation  Festivals in Moscow  Russian regions  Kazan  Exhibitions in Saint Petersburg  Russian National Parks  Museums of Vladimir  Climatic Change  Winter Arts Festival   Free Events  Naval Academy  Samara Airport  FIFA  Gonets  Moscow  Federation Council  Vologda region  Flaertiana  

Travel Blogs
Top Traveling Sites