MOSCOW : Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance, the company said on Wednesday.
President Vladimir Putin approved the deal in November, issuing a waiver for the sale to go through, bypassing a ban on some foreign-owned strategic asset sales. "In June 2023, Avtovaz closed a deal to buy 100 per cent of shares in RN Bank from Barn B.V.," Avtovaz said in a statement."Details of the transaction are not subject to disclosure."
UniCredit had held a 40 per cent stake in Barn B.V. The alliance between Renault, Nissan and Mitsubishi held 60 per cent when the JV was formed in 2013.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: