UPDATE 1-Iran sees Renault deal signed by Friday -minister

Newswire

(Adds new investment level, paragraph 3) 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 had previously estimated that Renault's investment would total $2 billion, but they now believe ...

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