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, bypas
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.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
If grain deal ends, UN pledge on Russian exports will go on: Russian officialRussia's deputy foreign minister said on Monday (Jun 19) that even if a deal allowing shipments of Ukrainian grain via the Black Sea ends, Russia's agreement with the United Nations to ease its own exports will stay in force, Russian state news agency RIA reported on Monday. Moscow has repeatedly said it s
Read more »
Carlos Ghosn sues Nissan for $1 billion in Lebanon-lawsuitBEIRUT : Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon's public prosecutor last month, according to a copy of the lawsuit seen by Reuters.The May 18 lawsuit accuses Nissan along with two other companies and 12 named individuals of crimes in
Read more »
Carlos Ghosn sues Nissan for $1 billion in Lebanon, legal document showsBEIRUT :Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon's public prosecutor last month, according to a copy of the lawsuit seen by Reuters.The lawsuit filed on May 18 accuses Nissan along with two other companies and 12 named individuals of crime
Read more »
Carlos Ghosn files $1.34b suit in Lebanon against NissanBEIRUT — Former Nissan chairman Carlos Ghosn has sued the company for more than US$1 billion (S$1.34 billion) in a lawsuit filed to Lebanon's public prosecutor last month, according to a copy of the lawsuit seen by Reuters. The May 18 lawsuit accuses Nissan along with two other companies and 12 named individuals of crimes including defamation, slander and libel,...
Read more »
‘I will f*** every family member you got’: Racist man throws tantrum in Singapore Russian restaurantHe claims he owns China and even threatened to close the establishment.
Read more »
Ukraine says eight villages retaken from Russian forcesKYIV: Ukraine said on Monday (Jun 19) it had driven Russian forces out of an eighth village in its two-week-old counteroffensive, a settlement on a heavily fortified part of the front line near the most direct route to the country's Azov Sea coast. Deputy Defence Minister Hanna Maliar said Ukrainian forces
Read more »