UniCredit SpA Signs Joint Venture with Renault-Nissan Alliance

Thursday, 14 Feb 2013 04:43am EST 

UniCredit SpA has agreed together with Renault-Nissan Alliance to establish a dedicated automotive bank offering a wide range of financial services to Renault, Nissan and Infiniti brand customers and dealers in Russia. The joint venture will be controlled by the Alliance which will have a 60% stake. UniCredit SpA will participate as a minority investor with a 40% stake.