Iran sees Renault deal signed by Friday - minister

Newswire

TEHRAN, May 23 (Reuters) - Iran will sign a contract with France's Renault by Friday to produce the no-frills Logan model in a deal Tehran hopes will revive moribund foreign investment, the industry minister said on Tuesday. A Renault spokesman in Tehran said an agreement had been reached and the deal should be signed in the next few days. Analysts reckon Renault's investment will be about $2 billion. Iran has been negotiating with Renault to get a 20 percent share of worldwide exports ...

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