Avtovaz PAO (AVAZ.MM)
18 Jan 2017
Fri, Jan 6 2017
Jan 6 Renault took part in the public offering for recapitalizing AvtoVAZ in December 2016. Statement says:
MOSCOW/PARIS Russia's Renaissance Capital has acquired a 24.1 percent stake in Russian carmaker Avtovaz in a capital increase that also sees Renault tighten its control over the loss-making manufacturer, according to a regulatory filing on Friday.
* 9-Month net loss 34.0 billion roubles ($540.11 million)versus loss 15.8 billion roubles year ago
* Extraordinary general meeting of shareholders approves additional issue of 3.28 billion shares to be offered in open subscription Source text: http://bit.ly/2dIldgw Further company coverage: (Gdynia Newsroom)
MOSCOW, Oct 11 Beleaguered Russian carmaker Avtovaz will announce the results of a shareholder vote on its proposed 85 billion rouble (1.2 billion euro) recapitalisation plan after a board meeting on Thursday, a company spokesman told Reuters.
MOSCOW/PARIS, Oct 10 Renault is poised to raise its bet on Russia, voting with other shareholders in troubled Avtovaz to launch an 85 billion rouble (1.2 billion euro) recapitalisation in which the French carmaker may be the sole cash contributor.
MOSCOW, Sept 5 Russia's biggest carmaker Avtovaz announced on Monday an 85 billion rouble ($1.31 billion) recapitalisation plan as part of efforts to meet weighing financial commitments.
* H1 revenue 87.1 billion roubles ($1.31 billion), down 5 percent versus year ago driven by the on-going market drop