Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed

Groupe Renault is a French multinational automobile manufacturer. The company produces a range of cars and vans.

 
 
 
 
 

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)

Exited Exit Completed
France
Automotive

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
128
Assets(RF), mln.USD
1655
Capital(RF), mln.USD
380
Glob.Revenue, mln.USD
56685
Plants
1
Staff(RF), 2021
80285
Taxes(RF), mln.USD
972

Renault Russia was a Russian automotive company, part of the Renault group. Headquartered in Moscow, production facilities were located in Moscow and Togliatti. For 2015, it was included in the list of backbone organizations in Russia. Russia to launch Moskvich car production at former Renault plant in December 2022. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. Russia bought Renault’s plants for 1 cent, now wants $1.3 Billion to sell back.

The Company Statement
February 16, 2023

Sell Renault Russia; transfer Moscow factory to city government and partner for local brand production. 03.06.2022: Full name changed from CJSC "RENO RUSSIA" to JOINT STOCK COMPANY "MOSKOVSKY AVTOMOBILINY ZAVOD "MOSKVICH". The French company sold its stake in Russia’s largest automaker for one ruble, with the option of returning within six years. Russian car dealers are suing Renault over the group's exit from the market. Renault does not rule out a return to Russia after the end of Russian military aggression in Ukraine. Luca de Meo says buying back a controlling stake in Avtovaz is not a priority, but it is open to potential business opportunities. AvtoVAZ CEO Maxim Sokolov named the condition for Renault's return: Renault must compensate AvtoVAZ for about 112.5 billion rubles (~$1.3 billion) invested during the years of absence, Sokolov said. The French automaker previously valued its Russian assets at €2.195 billion.

Open the Statement
Statements Archive
June 17, 2025Russia threatens to deprive Renault of the right to buy back assets for cooperation with Ukraine
March 28, 2025Putin stole their businesses, but now they want them back
February 28, 2025Russia Bought Renault’s Plants For 1 Cent, Now Wants $1.3 Billion To Sell Back
February 27, 2025Russia is using the French carmaker Renault to teach Western companies a lesson about leaving its market
February 25, 2025AvtoVAZ CEO Maxim Sokolov Names Condition for Renault's Return — RBC
February 21, 2025Renault does not rule out a return to Russia after the end of Russian military aggression in Ukraine
January 15, 2025Inexpensive cars of brands that left the country have disappeared from sale in Russia
November 22, 2023Russian car dealers are suing Renault over the group's exit from the market
November 15, 2023We’ve arrived: foreign cars have begun to be blocked in Russia without software
September 12, 2023MAZ Moskvich (1C implementation)
August 06, 2023European companies suffer €100bn hit from Russia operations
June 21, 2023AvtoVAZ closed the deal on the acquisition of Renault-Nissan alliance by RN Bank
December 26, 2022Russian electric car "Moskvich" assembled from Chinese parts went on sale at the price of Tesla
December 06, 2022Letter sent by B4Ukraine to the company (no response provided)
November 20, 2022Russia to launch Moskvich car production at former Renault plant in December
July 13, 2022The French company Renault announced a nearly 30% drop in sales in the first half of 2022.
May 25, 2022Renault chairman: Not ruling out any mid-term options after Russia exit
May 16, 2022Renault strikes a deal to exit Russia, for now
May 16, 2022Renault Group signs agreements to sell Renault Russia and its controlling interest in AVTOVAZ
April 27, 2022Renault has decided to whom to transfer a stake in AvtoVAZ
March 23, 2022Renault industrial activities in Russia are suspended
March 23, 2022Renault suspends Russia business, lowers outlook
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