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Avtovaz prepares for a new additional share issue

25 April 2017

Avtovaz may place 9.25 billion ordinary shares at 10.3 rubles by private subscription - a total of 95.3 billion rubles, as reported on Friday by the company. “The target audience” is Alliance Rostec Auto B.V. (the Netherlands joint venture of Rostekha and Renault-Nissan alliance), which owns 64.6% of AvtoVAZ’s capital.” The parameters of the additional issue offered by AvtoVAZ’s Board of Directors will be approved at the extraordinary general meeting on March 15.

420.0 mln
Moscow, Samara region

Investor profile

Renault SA

Paris, France

Company's website:

T: +33 176840404

Public company (EURONEXT: RNO)

Contact: Mr Carlos Ghosn, Chairman and Chief Executive Officer

Renault SA manufactures a range of small to mid-size cars and light commercial vehicles. The French government has about a 15 per cent stake in Renault.

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