Russia: Renault-Nissan banking unit eyes local JV

The Renault-Nissan Alliance reportedly plans to partner with Unicredit Group subsidiary Unicredit Bank to set up a joint venture in Russia, Kommersant said, citing an unnamed source close to Unicredit Bank. According to the source, Renault-Nissan's banking unit will own 60% of the JV. One of Unicredit Group's subsidiaries, meanwhile, will Subscribe to Automotive World … Continued

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• May 22, 2012