French can sell PUBLIC JOINT-STOCK COMPANY "AUTOVAZ" to Chinese

Owning nearly 68% PUBLIC JOINT-STOCK COMPANY "AUTOVAZ" the French concern of Renault can sell the share to one of the Chinese autoconcerns. In March of Renault suspended work of the Moscow plant, and also declared intention to consider questions of the further participation in the Russian business. To Russian Federation already there were only five plants which make automobile cars. Renault will not be able to transfer the share of GARAGE COOPERATIVE "ROSTEKH" who is a co-owner PUBLIC JOINT-STOCK COMPANY "AUTOVAZ" as against GARAGE COOPERATIVE "ROSTEKH" sanctions are entered, reminds information agency "ITAR-TASS". In May of Renault will start preparing for sale an asset. Now there are negotiations...