UPDATE 1-Renault set to buy into Russia's Avtovaz - source

Newswire

(Adds details, background) MOSCOW, Feb 26 (Reuters) - French carmaker Renault will sign an agreement to buy 25 percent of Russia's biggest automaker AvtoVAZ on Friday in Moscow, a source close to the deal said on Tuesday. "The signing will be on Feb. 29. This will be the final decision on the blocking stake," the source told Reuters. Renault said late last year it would buy a quarter of Russia's biggest auto maker, aiming to revive the faded Lada brand and strengthen its hold on the ...

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