Renault to sell Russian activities for one symbolic rouble

April 28, 2022

According to the Russian minister of commerce and industry, Renault will basically give away its 68% stake in AvtoVaz to Russia and also its factory near Moscow /Lada

According to Russian press agencies and Reuters, Renault will sell its stake in local partner AvtoVaz for one symbolic rouble, with the option of repurchasing it later. The deal includes the French carmaker’s factory in the outskirts of Moscow, where models from Renault and Dacia are built. The Russian minister for commerce and industry, Denis

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