Announced
Financials
Sources
Tags
Domestic
Acquisition
automobile
Friendly
Russian Federation
Pending
Automobiles
Private
Single Bidder
Majority
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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