The French concern of Renault will sell the share of stocks PUBLIC JOINT-STOCK COMPANY "AUTOVAZ"

The French concern of Renault in May will transfer the most part of a foreign administrative board from Tolyatti to Moscow as prepares PUBLIC JOINT-STOCK COMPANY "AUTOVAZ" for sale. Sources of the Gazeta.Ru edition information portal "Gazeta.Ru" reported that GARAGE COOPERATIVE "ROSTEKH" or structures Minpromtorg can buy plant. Anyway, the new owner will be Russian. GARAGE COOPERATIVE "ROSTEKH" already possesses 32,4% of stocks PUBLIC JOINT-STOCK COMPANY "AUTOVAZ", other 67,6% – at Renault. The finance director of Group concern of Renault Thierry Pyeton reported on April 22 that he managed "to achieve progress" at negotiations with the authorities Russian Federation rather future PUBLIC JOINT-STOCK COMPANY "AUTOVAZ". But any...