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Renault to take full control of ELV recycling network Indra

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Autobodies stacked in two rows at scrapyard (stock photo)
Renault wants to take over full ownership of the entire end-of-life vehicle recycling network Indra. (Stock photo)

The Renault automotive group plans to acquire full ownership of the French end-of-life vehicle (ELV) recycling network Indra. The takeover is to be carried out by the Renault subsidiary "The Future is Neutral" (TFIN), according to a notification of the transaction published online by the French competition authority. Since 2011, Indra has been run as a 50/50 joint venture between Renault and the French environmental group Suez....

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Mergers and acquisitions
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