Renault-Nissan Taking Control of Russia's AvtoVAZ

Newswire

MOSCOW, June 27 (Reuters) - French-Japanese carmaking alliance Renault-Nissan has completed a deal to take control of Russia's largest automaker AvtoVAZ, Renault said on Friday. A Renault spokesman said the deal, which was agreed in 2012 and expected to be sealed this month, was completed on June 18. Renault-Nissan now has a 67.1 percent stake in the holding company that controls AvtoVAZ. The holding, in which Russian state technology conglomerate Rostec owns the remaining shares, in ...

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