I am particularly proud to be here today, nearly 2 years after signing the letter of Intent with IDRO to establish Renault Pars, the joint venture company which is the mainspring of cooperation between Renault and the Iranian automobile industry. Renault Pars has officially been in existence since May 31 (9month). The company is owned 51% by Renault and 49% by AIDCO, which brings together IDRO and the automakers Iran Khodro and Saipa.
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