Renault has confirmed it has submitted a letter of interest to purchase South Korean automaker Ssangyong in tandem with partner Nissan.

A Renault spokeswoman in Paris said the bid will be undertaken through the French manufacturer’s Renault Samsung division although she declined to comment on the reasons behind the decision.

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Renault already has a significant presence in South Korea through RSM, where it enjoyed a 10.8% market share in 2009.

Ssangyong said last week it had short-listed six potential buyers.

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