RE: GLA16 May 2022 13:56
Deals still being done !!!!
Renault....following Moscow's invasion of Ukraine.
Its holding of nearly 70% in Avtovaz is to be sold to the Russian Central Research and Development Automobile and Engine Institute, called Nami. The deal includes a six-year option to buy back the stake.
And its 100% shares in Renault Russia will go to the city of Moscow, the company said.
Moscow has said the company's Russian assets have now become state property.