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
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