Business, 22.04.2020 00:04 jolainjoseph01998

Renault paid 1 billion USD to acquire a 25 percent ownership stake in the Russian automaker AvtoVAZ in 2008. Just one year later, Russian Prime Minister Vladimir Putin threatened to dilute the Renault ownership stake unless it contributed more money to prop up AvtoVAZ, which was then experiencing a significant slide in sales. This is an example of risk.

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Renault paid 1 billion USD to acquire a 25 percent ownership stake in the Russian automaker AvtoVAZ...