Russian antitrust body clears AvtoVAZ-Renault deal

Newswire

MOSCOW, Feb 26 (Reuters) - Russia's anti-monopoly agency has cleared a deal by French carmaker Renault to buy 25 percent of Russia's biggest auto maker AvtoVAZ , the agency's head Igor Artemiyev told reporters. "We approved the deal yesterday," he said. A source close to the deal told Reuters on Tuesday the final agreement between Renault and AvtoVAZ would be signed in Moscow on Feb. 29. The agency's approval is usually seen as a formality as it has never used its power to block any ...

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