February 14, 2013 / 8:21 AM / 5 years ago

CORRECTED-Renault-Nissan, Unicredit create Russia sales finance JV

1 Min Read

(Corrects sales figure to 352,808 units from 2.9 million in third paragraph)

PARIS, Feb 14 (Reuters) - Renault and Nissan said on Thursday they would create a joint venture with Italian bank Unicredit to give loans to auto buyers in Russia.

The carmakers will have a 60 percent stake, while UniCredit will hold 40 percent.

Renault-Nissan sold 352,808 new vehicles in Russia last year, giving it 12 percent market share and making the country an important source of growth. (Reporting by Leila Abboud; Editing by James Regan and Alison Birrane)

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