Renault confirms Agriculture deal with Claas

Newswire

PARIS, Feb 24 (Reuters) - French car maker Renault said on Monday it had signed a deal with German harvesting machinery maker Claas under which the German group will take a 51 percent stake in Renault Agriculture. Renault will in the short term retain a 49 percent interest in the tractor making unit, with Claas increasing its stake to 80 percent "in the longer term" Renault said. No financial details were given. Renault said the merged activities would allow economies of scale and ...

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