Automotive

Russian Technologies to Boost Stake in AvtoVAZ

Posted on by

Jul. 16 – The three main shareholders of Russian automaker AvtoVAZ – Russian Technologies, France’s Renault and Troika Dialog – agreed on Thursday to increase authorized capital for the company.

French shareholder Renault will provide the automaker with equipment and technology equivalent to US$306 million to maintain its 25 percent stake through the first phase of the transaction. This contribution would allow AvtoVAZ to start manufacturing new car models including a budget model to replace the classic Ladas. Continue reading…

Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

Never Miss an Update

Subscribe to gain even better insights into doing business in Russia. Subscribing also lets you to take full advantage of all our website features including customizable searches, favorite, wish list and gift functions and access to otherwise restricted content.

Scroll to top