Renault may buy into Russia's AvtoVaz -paper

Newswire

MOSCOW, May 31 (Reuters) - French carmaker Renault hopes to take a stake of up to 20 percent in Russia's AvtoVaz , Russia's Vedomosti business newspaper reported on Wednesday, citing a source close to AvtoVaz's management. However, the paper said AvtoVaz's management, a Kremlin-backed team installed at the firm in December, were less open to the idea than the previous management, under whom the negotiations with Renault began. Under the terms of the proposal, Renault would also supply ...

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