Russia: Russian Technologies to raise stake in AvtoVAZ

State-owned Russian Technologies plans to increase its stake in AvtoVAZ to over 40% by converting the company’s debt. The major AvtoVAZ shareholders are Russian Technologies and Renault, which each hold 25%, and Troika Dialog, which holds 24.82%. Russian Technologies has agreed to pay AvtoVAZ’s restructured debt of Rubles 28bn (US$898.3m). By converting Subscribe to Automotive … Continued

• By Webmaster
• May 25, 2010