Motus takes full control of Renault SA

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Local group buys out the remaining 40% of distributorship for R250m.
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Under more independent management now. Image: Supplied
JSE-listed automotive group Motus has acquired the remaining 40% shareholding in Renault South Africa it did not own from Renault France in a transaction valued at R250 million.
The Competition Tribunal last week unconditionally approved the transaction.
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