Volga | Industry, manufacturing

AvtoVAZ to buy GMs share in the JV for up to $120m?

3 Jun '09
Auto giant AvtoVAZ, based in Togliatti, Samara region, is considering purchasing General Motors share in their JV GM-AvtoVAZ, Kommersant reports.

Experts estimate the deal price at $60-$120m.

AvtoVAZ reportedly gets priority purchase right of the GM share since GM is bankrupt.

GM-AvtoVAZ JV was set up in 2001. The two partners each own 41.6% shares in the JV, with the remaining 16.8% controlled by European bank for Reconstruction and Development.

Yesterday Marchmont wrote that AvtoVAZ is to receive an $815m non-interest loan from RF Government.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK

Feature stories

25 May '22
From enhancing the properties of existing materials...
29 Apr '22
Scientists in St. Petersburg have come up with a new...
2 Mar '22
Scientists in Dubna have developed what they refer to...
Search (News archive - 22990)
Technology Scouting Solutions For Industry
Marchmont News

Latest News

27 Jun '22
Siberian scientists have developed new hybrid...
24 Jun '22
A new device, developed by a Russian start-up and...
22 Jun '22
Russian researchers have come up with a new Si...

Most read stories from last week

27 Jun '22
Siberian scientists have developed new hybrid...