AvtoVAZ to sell shares to Renault, Troika, Russian Technologies at 40.24 rbls
15:31, 22 November 2010
MOSCOW. November 22. KAZINFORM Russia's largest car maker AvtoVAZ will issue shares worth 17.5 billion rubles and sell them to its current shareholders Renault, the country's state-owned hi-tech conglomerate Russian Technologies )Rostekhnologii) and Troika Dialog investment company at 40.24 rubles per share ($1.32), AvtoVAZ said on Monday. Kazinform refers to RIA Novosti.
Troika Dialog, the Renault-Nissan alliance and Russian Technologies each hold 25 percent of AvtoVAZ
Nissan said on November 19 it would buy a 10 percent stake in AvtoVAZ. The Renault-Nissan alliance plans to acquire a controlling stake in AvtoVAZ, the alliance's President and CEO Carlos Ghosn said earlier this month. Kazinform cites RIA Novosti. See www.en.rian.ru