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Announced

Moscow City entity to acquire Renault Russia from Renault.

Synopsis

Moscow City entity to acquire Renault Russia from Renault, an automobile manufacture. Financial terms were not disclosed. "Today, we have taken a difficult but necessary decision; and we are making a responsible choice towards our 45k employees in Russia, while preserving the Group's performance and our ability to return to the country in the future, in a different context. I am confident in the Renault Group's ability to further accelerate its transformation and exceed its mid-term targets," Luca de Meo, Renault CEO.

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