PARIS -(Dow Jones)- French auto maker Renault SA (13190.FR) said Thursday it is setting up a joint venture to recycle vehicles with Sita.
Sita is a unit of Suez Environment, a division of France's Suez (SZE.FR) group specialized in waste management services and water supply.
The 50-50 joint venture will take control of Indra Investissements, a privately-held French company with a network of 200 vehicle dismantling operations throughout France.
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