AvtoVAZ buys NissanТs Russian assets from NAMI for 1 euro - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

AvtoVAZ buys NissanТs Russian assets from NAMI for 1 euro

MOSCOW, Feb 7 (PRIME) -- RussiaТs largest carmaker AvtoVAZ has closed an acquisition of former NissanТs assets in the country from the Central Scientific Research Automobile and Automotive Engines Institute (NAMI) for 1 euro, the company said in a statement on Tuesday.

The assets include Nissan Manufacturing Rus, the car plant in St. Petersburg. The carmaker acquired a 99% stake in the plant, while NAMI will retain 1%.

The deal includes a 6-year buy back option for Nissan conditional on the Russian governmentТs approval, AvtoVAZ said.

End

07.02.2023 13:22
 
 
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