July 18, 2019 / 10:30 AM / a month ago

Renault and Nigeria's Coscharis Group form partnership

FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau

PARIS (Reuters) - French carmaker Renault (RENA.PA) and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday.

The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the cars through their sales network throughout Nigeria from October.

“With a population of over 200 million, Nigeria is a strategic African country where Groupe Renault will extend its footprint,” said Fabrice Cambolive, senior vice president and chairman of the Africa, Middle East and India Pacific region of Renault.

Reporting by Sudip Kar-Gupta; editing by Jason Neely

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