PUBLIC JOINT-STOCK COMPANY "AUTOVAZ" will receive the Russian registration

Company Alliance Rostec Auto B.V. which is the holder of 100% of stocks PUBLIC JOINT-STOCK COMPANY "AUTOVAZ", in the first half of the year 2020 will be re-registered from Netherlands to Russian Federation. As Chemezov Sergei reported information agency "ITAR-TASS" GARAGE COOPERATIVE "ROSTEKH", the joint ventures in the Russian jurisdiction will transfer to Moscow or Samara. It is noted that it is necessary to resolve up to the end administrative issues when transfer. Alliance Rostec Auto BV is joint venture of Renault and GARAGE COOPERATIVE "ROSTEKH". Shares in Alliance Rostec Auto B.V. are divided in a proportion of 67,61%/32,39% in favor of the French companies. In the long term GARAGE COOPERATIVE "ROSTEKH" will reduce the participation in...