Russian car giant AvtoVaz appears on the verge of bankruptcy and is seeking help from Vnesheconombank (VEB), the Russian state-run development bank. A plan has been developed to provide AvtoVaz with a RUB 12 billion investment if state-run creditors can get in on the company’s share capital. Opposed to the deal is Renault, the French [...]
Tag Archives: AvtoVAZ
AutoVaz and Kamaz to be Part of New Russian Technologies Holding
September 1, 2009
Amid numerous rumors of a pending merger between Russian automakers AutoVaz and Kamaz, state-owned company Russian Technologies has disclosed through its deputy head, plans to create a new holding company named Rosavtro that would consist of four holdings including AutoVaz and Kamaz. The other two holdings would be engine manufacturer Autodizel and an unnamed auto [...]
Renault Acquires 25%+1 Stake in AvtoVAZ from Troika
March 5, 2008
Troika Capital Partners, representing Troika Dialog Investments Limited, has sold its shares of AvtoVAZ to Renault. As part of the agreement, Renault will invest USD 1 billion into AvtoVAZ in an effort to enable the company to expand it line of vehicles and leverage the company’s other chief investor Russian Technologies. Both Renault and Russian [...]
Troika Acquires 17% Stake in AvtoVAZ, Subsidiaries to be Liquidated
March 20, 2007
Russian state arms dealer Rosoboronexport has sold its 17 percent stake in carmaker AvtoVAZ to the country’s largest investment company, Troika Dialog. Rosoboronexport took over management of the firm in 2005 and has worked to eliminate the plant’s cross-ownership. With Troika’s acquisition, they plan on converting the company’s subsidiaries’ 66.5 percent of the voting shares [...]
October 26, 2009
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