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Renault Sells Stake in Russia's Avtovaz, With Buyback Option

Senin, 16 Mei 2022 | 17:46 WIB
Renault Sells Stake in Russia's Avtovaz, With Buyback Option

ILUSTRASI. Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on Monday. REUTERS/Sarah Meyssonnier

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - 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 six-year option to buy back the stake.

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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