Renault's Russia buyback to cost at least $1.3 billion, says Russia's Avtovaz By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
0mins
Source: Investing.com
Renault's Potential Buyback Costs: Renault would need to pay at least 112.5 billion roubles ($1.3 billion) to regain its majority stake in Avtovaz, reflecting investments made since it sold the stake for one rouble in 2022.
Avtovaz's Sales Growth: Despite a challenging market due to sanctions, Avtovaz has seen a significant increase in Lada car sales, with nearly 460,000 units sold in 2024, marking a 30.2% rise from the previous year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
