2023-06-21 10:16:30
Domestic automaker “AvtoVAZ” closed the deal to buy 100% of the shares of the Russian bank of the Renault-Nissan alliance RN Bank, informs TASS with reference to the press service of the company.
“In June 2023 JSC “AvtoVAZ closed a deal to acquire a 100% stake in RN Bank from Barn BV. The details of the deal are not subject to disclosure.
Last fall, Russian President Vladimir Putin signed a decree granting AvtoVAZ the right to buy out the Russian bank RN Bank, which is run by the Renault-Nissan alliance and a subsidiary of the Italian group Unicredit.
The automaker received permission to purchase the holding structure BARN BV, through which the partners manage RN Bank. In particular, 30% each belongs to the French Renault and the Japanese Nissan Motor, the remaining 40% belongs to Unicredit Bank.
After the start of the special operation in Ukraine, Renault and Nissan decided to leave Russia and transfer their assets to the ownership of the Russian Federal State Unitary Enterprise NAMI. UniCredit is also considering leaving Russia.
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