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The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

For what reasons can Russians change cars?

News

In future Nissan could get 15-20% of AvtoVAZ shares

After Renault-Nissan alliance buys the control block of shares of AvtoVAZ, French company Renault will have about 35% of Russian carmakers share, Nissan will have 15-20%, said the General Manager of Rostechnologii, Sergey Chemezov. After the first stage of additional issue, the share of state corporation will be increased to 29,4% and among them Rostechnologii will keep only 25% plus one share and they will sell the rest of shares to alliance, Mr. Chemezov told PRAIM-TASS. Besides, the head of Rostechnologii added that the consultations are held with Troika Dialog which is also the shareholder of AvtoVAZ. In opinion of Mr. Chemezov, Nissan will buy 10-15% shares of AvtoVAZ on the first stage.
The sources of Vedomosti newspaper have also informed that Renault and Nissan could get 35 and 15% plants shares, respectively. The concrete shares will be defined after the series of AvtoVAZ additional issues which will be finished in 2012 year.
The president of alliance, Carlos Ghosn, announced in November that alliance Renault-Nissan will increase the share in AvtoVAZ from 25% to the control block. But it was suggested that Renault wont increase its block of shares and the papers will be bought by Nissan, the source informed. Mr. Chemezov said that the first 10% of AvtoVAZ should be bought by Japanese concern in the first half of 2011 year.
As the experts remarked, it is possible that Renault will have to announce the offer to the minorities of AvtoVAZ. According to the law it should be done by buying more than 30% of shares but it is possible to avoid the offer if the amount of shares will be increased during the repurchase of additional issue by shareholder that has a primary right.

10.12.10
Source: АВТОСТАТ