and Renault till July will be transferred to JV <1> of Rostekh by owning PUBLIC JOINT-STOCK COMPANY "AUTOVAZ"

@finanz.ru
Show original
Transfer of joint venture of GARAGE COOPERATIVE "ROSTEKH" and Renault S.A. (Alliance Rostec Auto B.V. owns PUBLIC JOINT-STOCK COMPANY "AUTOVAZ") in the Russian jurisdiction will come to the end in the first half of the year 2020, company will be registered in Moscow or Samara. Sergei Chemezov GARAGE COOPERATIVE "ROSTEKH". "Yet I do not know where it is exact - or in Moscow, or in Samara. In the first half of the year we will precisely finish everything", - he told. Sergei Chemezov specified that administrative issues are not up to the end resolved yet when transfer. Distribution of shares in Alliance Rostec Auto B.V. makes 67,61% at Renault, 32,39% at GARAGE COOPERATIVE "ROSTEKH". However in June...

Full article is available at its source

Go to full article

Sign up for more features!

Get full access to news analytics for free and without ads.

Persons
in this article
Sergei Chemezov
Last position: Director general (SC Rostec)
Organizations
in this article
Renault
Main activity:Transport
PJSC AvtoVAZ
Main activity:Activity of hotels and restaurants
SC Rostec
Main activity:Finance