UPDATE 2-Renault seeks financial partner to resume business in Iran

jueves 19 de junio de 2014 10:59 GYT

* In talks with U.S., French governments over Iran

* Has been approached by Turkish, international banks (Adds Renault executive comment on Latin America)

By Evren Ballim

ISTANBUL, June 19 (Reuters) - French automaker Renault is looking for a financial partner to resume full operations in Iran and is in talks with the U.S. and French governments on the issue, one of its senior executives said.

Renault is keen to start making and selling vehicles in Iran again with local partners Iran Khodro and Pars Khodro, to rebuild the significant market position it enjoyed before international sanctions on Tehran were introduced in 2011.

French rival PSA Peugeot Citroen also wants to ramp up sales in Iran, which analysts say could be a profitable, fast-growing auto market soon exceeding 2 million vehicles annually in the event of a sustained diplomatic thaw.

"What we are looking for is a financial partner, who will on their own as well comply with all the international regulations and which enable us to resume our activities in Iran," Chief Performance Officer Jerome Stoll said in an interview with news agencies late on Wednesday.

"We are just trying to explain our position to the American administration, French administration as well. To explain what we want to do, how we want to proceed and how we want to make this business," he said.

Stoll said the company had been approached by Turkish and international banks.   Continuación...