Renault SA and affiliate Nissan Motor Co. may pay for their planned 50 percent stake in OAO AvtoVAZ over two years as goals are met, according to an executive at the Russian carmaker's second-biggest local owner.
A memorandum of understanding may be signed as soon as the end of February or at the Geneva auto show starting March 8, with the transaction completed three months later, Sergey Skvortsov, deputy chairman of Troika Dialog, said in Moscow.
(Japan Times)
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