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Renault SA to Enter into Joint Venture in Algeria-L'AGEFI Quotidien

Wednesday, 19 Dec 2012 07:00pm EST 

L'AGEFI Quotidien reported that Renault SA has signed an agreement with Societe Nationale de Vehicules Industriels (SNVI) and the Fond National d’Investissement (FNI) with a view to creating a joint venture (51% owned by the Algerian grouping, 49% owned by Renault SA). The agreement includes the construction of a factory at Oued Tlelat. 

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1.55 +2.86%
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