Renault-Nissan is expected to buy Russian automobile plant IzhAvto, according to a Prime-Tass report.
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The report says the plant will become part of an informal alliance between AvtoVAZ and Renault-Nissan and cites remarks by IzhAvto’s General Director Mikhail Dobyndo. The alliance was set up after Renault closed a deal in March to buy a 25% stake in AvtoVAZ, Russia’s largest carmaker.
At present, the alliance is carrying out an appraisal of the plant.
According to earlier reports, AvtoVAZ was already in talks in February on buying the plant from Russia’s SOK Group.
IzhAvto is based in the city of Izhevsk in the constituent republic of Udmurtia. The carmaker currently assembles Lada-2104 and Lada-2107 cars from AvtoVAZ car kits. IzhAvto also assembles Kia cars.
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