Renault interested in Khodro -report [translated]
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Renault is interested in buying a 20% stake in the Iranian automobile company Khodro, according to a report in Sabah.
The report noted, based on unidentified sources, that Renault started talks to buy a 20% stake in Khodro and will have a board member if the talks are successful. Khodro is 74% owned by the Iranian industrial firm Saipa, the report noted, adding that Iran produces over 1m cars annually.
Source Sabah